Zacks Investment Research Upgrades Allianz SE (AZSEY) to Strong-Buy
Allianz SE (NASDAQ:AZSEY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $26.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.30% from the stock’s current price.
According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “
Separately, Societe Generale upgraded Allianz SE from a “sell” rating to a “hold” rating in a report on Thursday, September 14th.
Allianz SE (NASDAQ:AZSEY) traded up 0.27% during midday trading on Wednesday, hitting $22.55. 191,961 shares of the stock traded hands. Allianz SE has a 12 month low of $14.81 and a 12 month high of $22.60.
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About Allianz SE
Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.
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