Nord/LB Reiterates “€38.00” Price Target for Talanx AG (TLX)
Talanx AG (ETR:TLX) received a €38.00 ($44.71) price objective from stock analysts at Nord/LB in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock.
A number of other research analysts have also weighed in on TLX. Oddo Securities set a €35.50 ($41.76) price target on shares of Talanx AG and gave the company a “buy” rating in a research note on Wednesday, August 9th. Berenberg Bank set a €34.20 ($40.24) price target on shares of Talanx AG and gave the company a “neutral” rating in a research note on Tuesday. equinet AG set a €34.00 ($40.00) price target on shares of Talanx AG and gave the company a “neutral” rating in a research note on Friday, August 11th. Baader Bank set a €29.00 ($34.12) price target on shares of Talanx AG and gave the company a “sell” rating in a research note on Monday. 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 note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Talanx AG currently has a consensus rating of “Hold” and an average price target of €34.96 ($41.13).
Shares of Talanx AG (TLX) opened at 36.00 on Friday. Talanx AG has a 52-week low of €25.68 and a 52-week high of €36.50. The stock has a market cap of €9.10 billion and a P/E ratio of 9.41. The firm has a 50-day moving average of €34.02 and a 200-day moving average of €33.44.
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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