Kepler Capital Markets set a €240.00 ($279.07) target price on Allianz (FRA:ALV) in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also weighed in on the company. DZ Bank reaffirmed a buy rating on shares of Allianz in a research note on Friday. Barclays set a €225.00 ($261.63) price objective on Allianz and gave the stock a buy rating in a research note on Friday. Goldman Sachs Group set a €200.00 ($232.56) price objective on Allianz and gave the stock a neutral rating in a research note on Friday. Independent Research set a €230.00 ($267.44) price objective on Allianz and gave the stock a buy rating in a research note on Friday. Finally, Morgan Stanley set a €224.00 ($260.47) price target on Allianz and gave the company a neutral rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Allianz has a consensus rating of Buy and a consensus price target of €215.17 ($250.20).
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Shares of FRA ALV traded up €5.94 ($6.91) during mid-day trading on Friday, reaching €190.14 ($221.09). The company’s stock had a trading volume of 2,094,131 shares. Allianz has a 52 week low of €167.30 ($194.53) and a 52 week 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.
Further Reading: How to Trade Using Analysts Ratings