DZ Bank AG Reaffirms “Sell” Rating for Talanx AG (ETR:TLX)
Talanx AG (ETR:TLX)‘s stock had its “sell” rating reiterated by research analysts at DZ Bank AG in a research note issued on Monday.
TLX has been the subject of a number of other reports. Baader Bank set a €29.00 ($34.12) price objective on shares of Talanx AG and gave the company a “sell” rating in a report on Monday, May 29th. equinet AG set a €34.00 ($40.00) price objective on shares of Talanx AG and gave the company a “neutral” rating in a report on Monday, May 29th. Commerzbank Ag set a €32.00 ($37.65) price objective on shares of Talanx AG and gave the company a “neutral” rating in a report on Monday, May 29th. Deutsche Bank AG set a €38.00 ($44.71) price target on shares of Talanx AG and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co set a €35.00 ($41.18) price target on shares of Talanx AG and gave the company a “neutral” rating in a research report on Saturday, May 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Talanx AG has a consensus rating of “Hold” and a consensus price target of €34.49 ($40.57).
Shares of Talanx AG (TLX) traded up 0.615% during trading on Monday, reaching €33.857. 508 shares of the company were exchanged. Talanx AG has a 52-week low of €25.68 and a 52-week high of €35.66. The stock’s 50-day moving average is €33.84 and its 200-day moving average is €33.37. The firm has a market cap of €8.57 billion and a price-to-earnings ratio of 9.281.
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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