Allianz (ALV) Given a €234.00 Price Target at HSBC
Allianz (FRA:ALV) has been assigned a €234.00 ($272.09) price objective by equities researchers at HSBC in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 17.78% from the stock’s current price.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group set a €200.00 ($232.56) price target on shares of Allianz and gave the stock a “neutral” rating in a research report on Thursday, April 25th. DZ Bank reissued a “buy” rating on shares of Allianz in a research report on Friday. JPMorgan Chase & Co. set a €222.00 ($258.14) target price on shares of Allianz and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group set a €220.00 ($255.81) target price on shares of Allianz and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada set a €200.00 ($232.56) target price on shares of Allianz and gave the company a “sell” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of €218.59 ($254.18).
FRA:ALV traded down €0.18 ($0.21) during midday trading on Monday, reaching €198.68 ($231.02). The stock had a trading volume of 447,470 shares. Allianz has a 1-year low of €167.30 ($194.53) and a 1-year 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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