Talanx (ETR:TLX) has been given a €39.00 ($45.35) price target by investment analysts at HSBC in a research note issued to investors on Wednesday, March 20th, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 10.05% from the company’s previous close.
A number of other brokerages have also recently issued reports on TLX. JPMorgan Chase & Co. set a €39.50 ($45.93) target price on shares of Talanx and gave the company a “buy” rating in a research report on Tuesday, January 8th. Deutsche Bank set a €37.00 ($43.02) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Nord/LB set a €35.00 ($40.70) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Thursday, November 22nd. Credit Suisse Group set a €40.00 ($46.51) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Monday, November 26th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Talanx in a research report on Tuesday, February 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of €36.76 ($42.74).
Shares of Talanx stock traded up €0.46 ($0.53) during trading on Wednesday, reaching €35.44 ($41.21). The company’s stock had a trading volume of 59,214 shares, compared to its average volume of 138,773. The stock has a market cap of $8.84 billion and a PE ratio of 12.75. Talanx has a 52 week low of €28.64 ($33.30) and a 52 week high of €37.66 ($43.79). The company has a debt-to-equity ratio of 34.94, a quick ratio of 0.27 and a current ratio of 0.67.
Talanx Company Profile
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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