Talanx (ETR:TLX) has been assigned a €39.80 ($47.38) target price by JPMorgan Chase & Co. in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 12.30% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank set a €38.00 ($45.24) price target on shares of Talanx and gave the company a “buy” rating in a report on Monday, September 25th. Warburg Research set a €37.30 ($44.40) price target on shares of Talanx and gave the company a “neutral” rating in a report on Monday, October 30th. Commerzbank set a €32.00 ($38.10) price target on shares of Talanx and gave the company a “neutral” rating in a report on Friday, October 27th. Nord/LB set a €34.00 ($40.48) target price on shares of Talanx and gave the stock a “neutral” rating in a report on Wednesday, October 4th. Finally, Berenberg Bank set a €34.20 ($40.71) target price on shares of Talanx and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Talanx has an average rating of “Hold” and an average price target of €35.53 ($42.29).
Talanx (ETR TLX) traded up €0.56 ($0.67) on Friday, reaching €35.44 ($42.19). 114,148 shares of the company’s stock traded hands, compared to its average volume of 139,819. Talanx has a fifty-two week low of €30.60 ($36.43) and a fifty-two week high of €36.32 ($43.24). The company has a market capitalization of $8,940.00 and a P/E ratio of 12.52.
Talanx Aktiengesellschaft provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance.
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