Talanx (ETR:TLX) received a €39.80 ($47.38) price objective from investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 12.49% from the stock’s current price.
Several other equities research analysts have also recently weighed in on TLX. Nord/LB set a €38.00 ($45.24) price objective on Talanx and gave the company a “neutral” rating in a research report on Wednesday, September 13th. Berenberg Bank set a €34.20 ($40.71) price objective on Talanx and gave the company a “neutral” rating in a research report on Wednesday, September 20th. Baader Bank set a €29.00 ($34.52) price objective on Talanx and gave the company a “sell” rating in a research report on Thursday, September 21st. Deutsche Bank set a €38.00 ($45.24) price objective on Talanx and gave the company a “buy” rating in a research report on Monday, September 25th. Finally, Commerzbank set a €32.00 ($38.10) price objective on Talanx and gave the company a “neutral” rating in a research report on Friday, October 27th. Two 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. The stock has an average rating of “Hold” and a consensus price target of €35.53 ($42.29).
Shares of Talanx (ETR:TLX) opened at €35.38 ($42.12) on Friday. Talanx has a 12-month low of €30.60 ($36.43) and a 12-month high of €36.32 ($43.24). The firm has a market capitalization of $8,940.00 and a P/E ratio of 12.50.
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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