Nomura Reaffirms Reduce Rating on Muenchener Rueckversicherungs AG (MUV2)
Muenchener Rueckversicherungs AG (FRA: MUV2)‘s stock had its “reduce” rating reaffirmed by research analysts at Nomura in a report released on Thursday. They currently have a $168.42 (€128) target price on the stock.
Muenchener Rueckversicherungs AG traded down 0.51% on Thursday, hitting €137.925. Muenchener Rueckversicherungs AG has a 1-year low of €91.615 and a 1-year high of €137.80. The stock’s 50-day moving average is currently €123.0.
A number of other analysts have also recently weighed in on MUV2. Analysts at AlphaValue reiterated a “reduce” rating on shares of Muenchener Rueckversicherungs AG in a research note to investors on Thursday, December 20th. They now have a $180.26 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Muenchener Rueckversicherungs AG in a research note to investors on Thursday, December 13th. They now have a $129.87 price target on the stock.
Munich Re Group AG is a Germany-based company engaged in reinsurance and insurance business fields. The Company diversifies its operations into reinsurance, primary insurance and Munich Health.
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