HSBC Holdings PLC Upgrades M¿nchener R¿ckversicherungs-Gesellschaft (MURGY) to Buy
M¿nchener R¿ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was upgraded by investment analysts at HSBC Holdings PLC from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other research analysts also recently commented on the stock. Citigroup Inc. raised shares of M¿nchener R¿ckversicherungs-Gesellschaft from a “neutral” rating to a “buy” rating in a report on Thursday, September 21st. Jefferies Group LLC raised shares of M¿nchener R¿ckversicherungs-Gesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. M¿nchener R¿ckversicherungs-Gesellschaft currently has a consensus rating of “Hold”.
M¿nchener R¿ckversicherungs-Gesellschaft (OTCMKTS:MURGY) traded up $0.06 on Friday, hitting $22.47. 30,395 shares of the company’s stock traded hands, compared to its average volume of 33,839. M¿nchener R¿ckversicherungs-Gesellschaft has a twelve month low of $17.93 and a twelve month high of $23.01. The company has a market cap of $36,188.81, a P/E ratio of 13.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.18 and a quick ratio of 0.18.
About M¿nchener R¿ckversicherungs-Gesellschaft
Muenchener Rueckversicherungs Gesellschaft AG in Muenchen is a Germany-based company engaged in reinsurance and insurance business. The Company divides its operations into reinsurance, primary insurance, and Munich Health and Asset management. The Reinsurance business comprises five divisions: Life; Europe and Latin America; Germany, Asia Pacific and Africa; Special and Financial Risks, and Global Clients and North America.
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