Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) PT Raised to €270.00 at UBS Group

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) had its price objective raised by equities research analysts at UBS Group from €266.00 ($286.02) to €270.00 ($290.32) in a research report issued on Monday, The Fly reports. The firm presently has a “buy” rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Societe Generale upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a report on Tuesday, March 29th. Morgan Stanley cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($295.70) to €260.00 ($279.57) in a research note on Wednesday, March 16th. JPMorgan Chase & Co. decreased their price objective on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €335.00 ($360.22) to €330.00 ($354.84) in a research note on Thursday, February 24th. Finally, The Goldman Sachs Group started coverage on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research note on Thursday, February 10th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $275.25.

Shares of MURGY stock traded down $0.77 during mid-day trading on Monday, hitting $25.41. The stock had a trading volume of 115,400 shares, compared to its average volume of 99,147. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 12-month low of $22.27 and a 12-month high of $31.95. The firm has a market capitalization of $35.60 billion, a P/E ratio of 10.25 and a beta of 1.07. The firm’s 50-day moving average is $26.60 and its two-hundred day moving average is $28.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.24 and a quick ratio of 0.24.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) last issued its earnings results on Wednesday, February 23rd. The financial services provider reported $0.71 earnings per share for the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 9.56% and a net margin of 4.44%. The business had revenue of $19.08 billion during the quarter.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Get Rating)

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International.

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