Allianz (FRA:ALV) has been assigned a €242.00 ($281.40) target price by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.34% from the stock’s current price.
Several other research analysts have also commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Allianz in a report on Tuesday, January 7th. Deutsche Bank set a €245.00 ($284.88) price target on shares of Allianz and gave the company a “buy” rating in a report on Monday, January 6th. Goldman Sachs Group set a €225.00 ($261.63) price target on shares of Allianz and gave the company a “neutral” rating in a report on Tuesday, January 7th. Oddo Bhf set a €227.00 ($263.95) price target on shares of Allianz and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada set a €200.00 ($232.56) price target on shares of Allianz and gave the company a “sell” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €232.21 ($270.02).
FRA ALV opened at €217.35 ($252.73) on Tuesday. Allianz has a one year low of €167.30 ($194.53) and a one year high of €206.80 ($240.47). The company has a 50-day simple moving average of €218.76 and a 200-day simple moving average of €213.18.
Allianz Company Profile
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers.
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