Allianz (ALV) Given a €240.00 Price Target at Commerzbank
Allianz (FRA:ALV) has been given a €240.00 ($285.71) price objective by equities researchers at Commerzbank in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s price target would indicate a potential upside of 17.10% from the stock’s previous close.
A number of other research analysts also recently issued reports on ALV. Sanford C. Bernstein set a €170.00 ($202.38) price objective on shares of Allianz and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. JPMorgan Chase & Co. set a €228.00 ($271.43) price objective on shares of Allianz and gave the stock a “buy” rating in a research report on Thursday, September 28th. Jefferies Group set a €216.00 ($257.14) price objective on shares of Allianz and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada set a €195.00 ($232.14) price objective on shares of Allianz and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Deutsche Bank set a €205.00 ($244.05) price objective on shares of Allianz and gave the stock a “buy” rating in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of €204.79 ($243.79).
Allianz (FRA:ALV) opened at €204.95 ($243.99) on Monday. The company has a market cap of $90,560.00 and a PE ratio of 12.32. Allianz has a 12-month low of €154.27 ($183.65) and a 12-month high of €205.70 ($244.88).
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Allianz SE, together with its subsidiaries, provides property-casualty and life/health insurance, and asset management products and services worldwide. The companys Property-Casualty Insurance 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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