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Published on 17/06/11

Banking & Insurance Software - Monthly peer group review

The Banking & Insurance software peer group has continued its strong recovery over the last month despite a notable weakening in the wider stockmarket. The quoted stocks in this peer group enjoyed an average share price improvement of over 10% in the last month compared to a decline of 2% in the wider market. Moreover, on average, share prices in this peer group have jumped by nearly two thirds in the last year. Valuations also continue to improve and, at 18x current year earnings, this peer group is one of the most highly rated in the sector.

 

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