First half results were strong and Deutsche Bank notes ambitious medium-term targets. The company has also flagged the possibility of capital management at its full-year results.
The broker believes the threat from price caps has been overestimated by the market and the stock is a way to play the broader health trends. Buy rating and $3.10 target maintained.
Sector: Insurance.
Target price is $3.10.Current Price is $2.84. Difference: $0.26 – (brackets indicate current price is over target). If MPL meets the Deutsche Bank target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
