Allianz (FRA:ALV) has been assigned a €222.00 ($258.14) target price by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.90% from the stock’s current price.
ALV has been the subject of several other reports. HSBC set a €225.00 ($261.63) price objective on shares of Allianz and gave the company a “buy” rating in a report on Wednesday, January 23rd. Credit Suisse Group set a €235.00 ($273.26) price objective on shares of Allianz and gave the company a “buy” rating in a report on Thursday, March 21st. Deutsche Bank set a €215.00 ($250.00) price objective on shares of Allianz and gave the company a “buy” rating in a report on Wednesday, January 23rd. DZ Bank reiterated a “buy” rating on shares of Allianz in a report on Friday, February 15th. Finally, UBS Group set a €220.00 ($255.81) price objective on shares of Allianz and gave the company a “buy” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of €218.18 ($253.70).
Allianz stock opened at €202.00 ($234.88) on Thursday. Allianz has a 12-month low of €167.30 ($194.53) and a 12-month high of €206.80 ($240.47).
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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