Allianz (FRA:ALV) received a €195.00 ($226.74) target price from research analysts at JPMorgan Chase & Co. in a report issued on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 23.45% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Nord/LB set a €252.00 ($293.02) target price on shares of Allianz and gave the company a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a €232.00 ($269.77) target price on shares of Allianz and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada set a €215.00 ($250.00) target price on shares of Allianz and gave the company a “sell” rating in a report on Friday, February 21st. Barclays set a €232.00 ($269.77) target price on shares of Allianz and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Allianz in a report on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of €234.79 ($273.01).
Shares of Allianz stock opened at €157.96 ($183.67) on Friday. Allianz has a 12-month low of €167.30 ($194.53) and a 12-month high of €206.80 ($240.47). The company has a 50-day moving average of €192.28 and a two-hundred day moving average of €210.51.
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers.
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