Assicurazioni Generali S.p.A. (OTCMKTS:ARZGY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Assicurazioni Generali S.p.A. (OTCMKTS:ARZGYGet Rating) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.32.

A number of equities analysts have recently issued reports on the stock. Kepler Capital Markets lowered shares of Assicurazioni Generali from a “buy” rating to a “hold” rating and reduced their target price for the stock from €21.00 ($22.83) to €20.00 ($21.74) in a research report on Thursday, March 17th. Berenberg Bank dropped their price target on shares of Assicurazioni Generali from €23.40 ($25.43) to €22.60 ($24.57) and set a “buy” rating for the company in a research note on Thursday, March 17th. JPMorgan Chase & Co. boosted their price target on shares of Assicurazioni Generali from €22.00 ($23.91) to €23.00 ($25.00) and gave the stock an “overweight” rating in a research note on Wednesday, March 16th. Citigroup downgraded shares of Assicurazioni Generali from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 19th. Finally, Morgan Stanley upped their target price on shares of Assicurazioni Generali from €21.00 ($22.83) to €23.00 ($25.00) in a research note on Wednesday, April 6th.

Shares of OTCMKTS:ARZGY traded down $0.21 on Monday, hitting $10.49. 62,977 shares of the company were exchanged, compared to its average volume of 48,795. The company’s 50 day moving average price is $10.34 and its two-hundred day moving average price is $10.54. Assicurazioni Generali has a one year low of $8.35 and a one year high of $11.71.

Assicurazioni Generali Company Profile (Get Rating)

Assicurazioni Generali SpA engages in the provision of insurance and financial products. It operates through the following business segments: Life, Property and Casualty, Asset Management, and Holding and Other Businesses. The Life segment offers coverage through a lump sum or an annuity payment if an event occurs involving human life in exchange for the premium payment as remuneration from the policyholder for the risk taken.

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Analyst Recommendations for Assicurazioni Generali (OTCMKTS:ARZGY)

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