Barclays Cuts Assicurazioni Generali (OTCMKTS:ARZGY) Price Target to €18.00

Assicurazioni Generali (OTCMKTS:ARZGYGet Rating) had its price target cut by Barclays from €18.50 ($19.47) to €18.00 ($18.95) in a research note published on Wednesday, The Fly reports. They currently have an underweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley raised their target price on Assicurazioni Generali from €21.00 ($22.11) to €23.00 ($24.21) in a report on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Assicurazioni Generali from €19.00 ($20.00) to €18.00 ($18.95) and set a hold rating for the company in a report on Wednesday, March 16th. Citigroup lowered shares of Assicurazioni Generali from a buy rating to a neutral rating in a report on Wednesday, January 19th. Kepler Capital Markets downgraded Assicurazioni Generali from a buy rating to a hold rating and lowered their target price for the company from €21.00 ($22.11) to €20.00 ($21.05) in a research note on Thursday, March 17th. Finally, Berenberg Bank cut their price target on Assicurazioni Generali from €23.40 ($24.63) to €22.60 ($23.79) and set a buy rating on the stock in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $20.77.

OTCMKTS:ARZGY opened at $9.24 on Wednesday. The firm’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $10.35. Assicurazioni Generali has a twelve month low of $8.35 and a twelve month high of $11.71.

Assicurazioni Generali Company Profile (Get Rating)

Assicurazioni Generali S.p.A. provides various insurance solutions. The company operates through four segments: Non-Life; Life; Asset Management; and Holding and Other Business. It offers saving and protection insurance products for individuals and family; unit linked products with investment purposes; and motor, motor third-party liability, casualty, accident, health, and commercial and industrial risks insurance products.

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