Jefferies Financial Group Reiterates €255.00 Price Target for Allianz (FRA:ALV)

Allianz (FRA:ALVGet Rating) has been assigned a €255.00 ($265.63) price objective by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s price target indicates a potential upside of 28.26% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €255.00 ($265.63) price objective on Allianz in a research report on Wednesday, May 11th. Kepler Capital Markets set a €260.00 ($270.83) price objective on Allianz in a research report on Monday, January 24th. Berenberg Bank set a €265.00 ($276.04) price objective on Allianz in a research report on Friday. UBS Group set a €241.00 ($251.04) price objective on Allianz in a research report on Thursday, May 12th. Finally, Morgan Stanley set a €250.00 ($260.42) price objective on Allianz in a research report on Tuesday, April 5th.

FRA:ALV opened at €198.82 ($207.10) on Tuesday. The stock has a 50-day simple moving average of €211.84 and a 200-day simple moving average of €210.78. Allianz has a 1 year low of €167.30 ($174.27) and a 1 year high of €206.80 ($215.42).

About Allianz (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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