April 22 (SeeNews) - Bulgarian brokerage Elana Trading has launched coverage of local blue-chip insurer Euroins with a “Market Perform” recommendation, Elana said on Tuesday. “The one-year price target is 9.88 levs, based on the expected 20% growth of premium income and average Price/Premium of 1.25. We expect the ratio to remain between 1.25 and 1.50, which would eventually raise the price target to 11.86 levs,” Elana said in a statement.