Aegon NV an Exceptional Value - Analyst Blog
We are maintaining our Buy recommendation on Aegon NV (AN) after its third quarter results. While the current environment will be challenging for investment portfolios, we think that, at its current multiple, the stock trades at a significant discount to its peers.
Our six-month target price is $7.00. Aegon stock has declined significantly along with the recent market sell-off. At current multiple of 4.8x our current 2008 EPS and 0.3x book value, fundamentally we think that there will be potential gain for stock in the near term.
Headquartered in The Hague, Netherlands, Aegon N.V. provides a multitude of insurance and pension-based saving and investment solutions. It is one of the world s ten largest life insurance companies ranked by assets, profits and market capitalization.
Related Stories
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
