Scor (OTCMKTS:SCRYY) Shares Gap Up – Time to Buy?

Scor SE (OTCMKTS:SCRYY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $3.70, but opened at $3.79. Scor shares last traded at $3.79, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group cut Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Scor Price Performance

The firm’s 50-day moving average price is $3.96 and its 200 day moving average price is $3.77. The firm has a market cap of $6.92 billion, a P/E ratio of 7.15 and a beta of 0.57.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.25 billion. Scor had a return on equity of 19.18% and a net margin of 5.50%. Analysts forecast that Scor SE will post 0.49 earnings per share for the current year.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is organized primarily around two areas: property and casualty reinsurance, and life and health reinsurance.

Through its property and casualty operations, SCOR offers coverage for risks including natural catastrophes, specialty lines, commercial property, liability, motor and other insurance exposures. Its life and health activities support insurers with solutions related to mortality, longevity, disability, medical and other protection risks, as well as financial and capital-management needs.

SCOR serves clients across major insurance markets in Europe, North and South America, and the Asia-Pacific region.