Jefferies Financial Group Reiterates “€260.00” Price Target for Allianz (FRA:ALV)

Allianz (FRA:ALVGet Rating) received a €260.00 ($282.61) price objective from investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s price target indicates a potential upside of 18.56% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. set a €255.00 ($277.17) target price on shares of Allianz in a research report on Thursday, February 17th. Kepler Capital Markets set a €260.00 ($282.61) target price on shares of Allianz in a report on Monday, January 24th. Berenberg Bank set a €269.00 ($292.39) price target on shares of Allianz in a report on Wednesday, April 6th. HSBC set a €281.00 ($305.43) price target on shares of Allianz in a report on Monday, January 17th. Finally, Morgan Stanley set a €250.00 ($271.74) price target on shares of Allianz in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Allianz currently has a consensus rating of “Buy” and a consensus target price of €247.33 ($268.84).

Allianz stock traded up €2.35 ($2.55) during trading on Tuesday, reaching €219.30 ($238.37). The stock had a trading volume of 945,463 shares. Allianz has a 52-week low of €167.30 ($181.85) and a 52-week high of €206.80 ($224.78). The business has a 50 day moving average price of €213.11 and a 200 day moving average price of €208.18.

Allianz Company Profile (Get Rating)

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 to private and corporate customers.

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Analyst Recommendations for Allianz (FRA:ALV)

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