In 2013, recommendations for PZU stock were issued by 22 domestic and foreign financial institutions. In total, the sell side analysts issued 50 recommendations. Neutral and Hold recommendations prevailed (about 76% of all recommendations issued).
The median of target prices from recommendations valid at the end of 2013 was PLN 445 and was 5.0% higher compared to that at the beginning of the year, while the maximum target price was PLN 520 and 16.1% higher.
Distribution of target prices from recommendations issued in 2013
| December 2014 | January 2013 | Annual change | |
|---|---|---|---|
| Highest target price | PLN 520 | PLN 448 | + 16.10% |
| Median | PLN 445 | PLN 424 | + 5.00% |
| Lowest target price | PLN 390 | PLN 367 | + 6.30% |
Source: PZU data.
Institution issuing recommendations for PZU - In Poland
| Institution | Analyst | Contact |
|---|---|---|
| Deutsche Bank | Marcin Jabłczyński | +48 22 579 87 33 |
| marcin.jablczynski@db.com | ||
| DI BRE Banku | Michał Konarski | +48 22 697 47 37 |
| michal.konarski@dibre.com.pl | ||
| DM BH (Citi) | Andrzej Powierża | +48 22 690 35 66 |
| andrzej.powierza@citi.com | ||
| Espirito Santo Investment Bank | Kamil Stolarski | +48 22 347 40 48 |
| kstolarski@espiritosantoib.pl | ||
| Ipopema | Iza Rokicka | +48 22 236 92 31 |
| rokicka@ipopema.pl | ||
| ING | Piotr Palenik | +48 22 820 50 20 |
| DM PKO BP | Jaromir Szortyka | +48 22 580 39 47 |
| jaromir.szortyka@pkobp.pl | ||
| UniCredit | Paweł Kozub | +48 22 586 23 53 |
| pawel.kozub@caib.unicreditgroup.eu | ||
| Trigon DM | Hanna Kędziora | +48 22 330 11 14 |
| hanna.kedziora@trigon.pl | ||
| Wood & Company | Marta Jeżewska-Wasilewska | +48 22 222 15 48 |
| marta.jezewska-wasilewska@wood.com |
Institution issuing recommendations for PZU - Internationally
| Institution | Analyst | Contact |
|---|---|---|
| Bank of America Merrill Lynch | Maciej Szczęsny | +44 20 7996 2366 |
| Maciej.szczesny@baml.com | ||
| Barclays Capital | Claudia Gaspari | +44 20 3134 6039 |
| Claudia.gaspari@barcap.com | ||
| Credit Suisse | Richard Burden | +44 20 7888 0499 |
| richard.burden@credit-suisse.com | ||
| ERSTE | Christoph Schultes | +43 5 0100 16314 |
| christoph.schultes@erstegroup.com | ||
| Exane BNP Paribas | Thomas Jacquet | +33 142 99 51 96 |
| thomas.jacquet@exanebnpparibas.com | ||
| Goldman Sachs | Vinit Malhotra | +44 20 7774 3488 |
| vinit.malhotra@gs.com | ||
| HSBC | Dhruv Gahlaut | +44 20 7991 6728 |
| Dhruv.gahlaut@hsbcib.com | ||
| JP Morgan | Michael Huttner | +44 20 7325 9175 |
| michael.huttner@jpmorgan.com | ||
| Morgan Stanley | Maciej Wasilewicz | +44 20 7425 9104 |
| Maciej.Wasilewicz@morganstanley.com | ||
| Raiffeisen Centrobank | Bernd Maurer | +43 1 51520 706 |
| maurer@rcb.at | ||
| UBS | Michael Christelis | +27 11 322 7320 |
| michael.christelis@ubs.com |