JPMorgan has raised its rating for NN Group (NNGRY, Financial) from Neutral to Overweight and has increased the price target from EUR 52 to EUR 70. The upgrade reflects the belief that NN Group presents stronger earnings and valuation potential compared to its peers, such as ASR. According to the analyst, NN Group's recent capital markets day highlighted a more robust and diverse growth outlook than previously anticipated. This positive revision indicates confidence in the company's future performance and strategic direction.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for NN Group NV (NNGRY, Financial) is $33.20 with a high estimate of $33.20 and a low estimate of $33.20. The average target implies an upside of 3.67% from the current price of $32.02. More detailed estimate data can be found on the NN Group NV (NNGRY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, NN Group NV's (NNGRY, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.