Talanx AG (TLX) Receives Consensus Rating of “Hold” from Analysts
Talanx AG (ETR:TLX) has earned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is €34.05 ($38.26).
A number of research analysts recently issued reports on the stock. Baader Bank set a €29.00 ($32.58) price objective on shares of Talanx AG and gave the company a “sell” rating in a research note on Monday, May 29th. DZ Bank AG reissued a “sell” rating on shares of Talanx AG in a research note on Monday, May 29th. equinet AG set a €34.00 ($38.20) price objective on shares of Talanx AG and gave the company a “neutral” rating in a research note on Monday, May 29th. Commerzbank Ag set a €32.00 ($35.96) price objective on shares of Talanx AG and gave the company a “neutral” rating in a research note on Monday, May 29th. Finally, J P Morgan Chase & Co set a €35.00 ($39.33) price objective on shares of Talanx AG and gave the company a “neutral” rating in a research note on Saturday, May 20th.
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Talanx AG (TLX) traded down 0.200% during midday trading on Friday, reaching €32.865. The company’s stock had a trading volume of 100 shares. The firm has a 50 day moving average price of €33.40 and a 200-day moving average price of €32.71. Talanx AG has a 52 week low of €24.50 and a 52 week high of €35.36. The firm has a market cap of €8.32 billion and a P/E ratio of 9.009.
Talanx AG Company Profile
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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