Scor (OTCMKTS:SCRYY) Stock Rating Upgraded by Zacks Investment Research

view original post

Scor (OTCMKTS:SCRYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, reports. The firm currently has a $3.25 target price on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.92% from the stock’s current price.

According to Zacks, “SCOR ADR is in the reinsurance business. “

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Scor in a report on Monday, September 13th. Citigroup restated a “buy” rating on shares of Scor in a report on Thursday, October 28th. UBS Group restated a “neutral” rating on shares of Scor in a report on Friday, September 17th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Scor in a report on Monday, September 20th. Finally, Societe Generale upgraded Scor from a “hold” rating to a “buy” rating in a report on Friday, October 29th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Scor has a consensus rating of “Buy” and a consensus target price of $3.25.

SCRYY opened at $2.93 on Friday. The stock has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $2.98. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 10.46 and a beta of 1.50. Scor has a 12-month low of $2.66 and a 12-month high of $3.62.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Wednesday, October 27th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $4.24 billion during the quarter. Scor had a return on equity of 7.18% and a net margin of 3.19%. On average, sell-side analysts predict that Scor will post 0.27 EPS for the current fiscal year.

About Scor

SCOR SE provides life and non-life insurance and reinsurance services. It operates through the following segments: SCOR Global P&C and SCOR Global Life. The SCOR Global P&C segment operates property and casualty treaties; specialty treaties, including credit and surety, decennial insurance, aviation, space, marine, engineering, as well as agriculture risks and alternative solutions; business solutions; and business ventures and partnerships.

Featured Story: Elliott Wave Theory

Get a free copy of the Zacks research report on Scor (SCRYY)

For more information about research offerings from Zacks Investment Research, visit

Want More Great Investing Ideas?