Nord/LB Analysts Give Talanx (ETR:TLX) a €40.00 Price Target

Talanx (ETR:TLX) received a €40.00 ($46.51) price target from equities researchers at Nord/LB in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s price target indicates a potential upside of 5.54% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. HSBC set a €39.50 ($45.93) price target on shares of Talanx and gave the stock a “buy” rating in a research note on Monday, June 3rd. Oddo Bhf set a €39.00 ($45.35) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Thursday, May 16th. Deutsche Bank set a €39.00 ($45.35) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Warburg Research set a €40.80 ($47.44) price objective on shares of Talanx and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. set a €42.00 ($48.84) price objective on shares of Talanx and gave the stock a “buy” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of €38.48 ($44.75).

ETR:TLX traded down €0.10 ($0.12) during trading hours on Tuesday, reaching €37.90 ($44.07). 128,399 shares of the company were exchanged, compared to its average volume of 138,773. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.29 and a quick ratio of 0.75. The firm has a market cap of $9.58 billion and a price-to-earnings ratio of 12.90. Talanx has a 52-week low of €28.64 ($33.30) and a 52-week high of €39.88 ($46.37). The stock has a 50 day simple moving average of €38.47 and a 200 day simple moving average of €35.97.

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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Analyst Recommendations for Talanx (ETR:TLX)

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