Talanx AG (TLX) Receives €34.49 Average PT from Analysts
Talanx AG (ETR:TLX) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is €34.49 ($40.57).
A number of analysts have recently weighed in on the company. Deutsche Bank AG set a €38.00 ($44.71) price target on Talanx AG and gave the stock a “buy” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co set a €35.00 ($41.18) price target on Talanx AG and gave the stock a “neutral” rating in a research report on Thursday, July 20th. equinet AG set a €34.00 ($40.00) price target on Talanx AG and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Baader Bank set a €29.00 ($34.12) price target on Talanx AG and gave the stock a “sell” rating in a research report on Monday, May 29th. Finally, Commerzbank Ag set a €32.00 ($37.65) price target on Talanx AG and gave the stock a “neutral” rating in a research report on Monday, May 29th.
Talanx AG (ETR TLX) traded up 1.092% on Friday, hitting €35.655. The stock had a trading volume of 1,350 shares. Talanx AG has a 12-month low of €25.68 and a 12-month high of €35.66. The company has a market cap of €9.03 billion and a price-to-earnings ratio of 9.774. The company’s 50 day moving average price is €33.78 and its 200-day moving average price is €33.34.
About Talanx AG
Talanx AG (Talanx) is a Germany-based provider of insurance and reinsurance products and services. The Company’s activities are divided into five segments: Retail Germany, Retail International, Industrial Lines, Non-Life Reinsurance, and Life/Health Reinsurance. The Retail Germany segment is operated by the subsidiary Talanx Deutschland AG and manages insurance activities serving German retail and commercial customers; the Retail International segment is managed by Talanx International AG and encompasses insurance activities outside of Germany; the Industrial Lines segment is operated by HDI Global SE, which delivers insurance solutions to retail customers and industrial clients, and the reinsurance business, including the Non-Life Reinsurance and the Life/Health Reinsurance segments, is handled by Hannover Rueck SE.
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