Talanx AG (ETR:TLX) has been assigned a €38.00 ($44.71) price objective by stock analysts at Nord/LB in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other research analysts have also commented on TLX. equinet AG set a €34.00 ($40.00) target price on Talanx AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. J P Morgan Chase & Co set a €35.00 ($41.18) target price on Talanx AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Oddo Securities set a €35.50 ($41.76) target price on Talanx AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. DZ Bank AG reiterated a “sell” rating on shares of Talanx AG in a research report on Saturday, May 20th. Finally, Commerzbank Ag set a €32.00 ($37.65) target price on Talanx AG and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €34.96 ($41.13).
Shares of Talanx AG (ETR:TLX) opened at 36.00 on Friday. The stock has a 50 day moving average price of €34.11 and a 200 day moving average price of €33.46. Talanx AG has a 12-month low of €25.68 and a 12-month high of €36.50. The firm has a market capitalization of €9.10 billion and a P/E ratio of 9.41.
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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