Assicurazioni Generali (OTCMKTS:ARZGY) Lowered to “Hold” at DZ Bank

Assicurazioni Generali (OTCMKTS:ARZGY – Get Rating) was downgraded by analysts at DZ Bank from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Several other analysts have also recently issued reports on the company. Barclays cut their target price on Assicurazioni Generali from €18.50 ($19.27) to €18.00 ($18.75) and set an “underweight” rating for the company in a research report on Wednesday, May 11th. Societe Generale cut Assicurazioni Generali from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. Berenberg Bank cut their target price on Assicurazioni Generali from €23.40 ($24.38) to €22.60 ($23.54) and set a “buy” rating for the company in a research report on Thursday, March 17th. Morgan Stanley increased their target price on Assicurazioni Generali from €21.00 ($21.88) to €23.00 ($23.96) in a research report on Wednesday, April 6th. Finally, Kepler Capital Markets cut Assicurazioni Generali from a “buy” rating to a “hold” rating and cut their target price for the stock from €21.00 ($21.88) to €20.00 ($20.83) in a research report on Thursday, March 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.77.

OTCMKTS ARZGY opened at $9.59 on Friday. The stock’s 50-day moving average price is $10.12 and its 200-day moving average price is $10.31. Assicurazioni Generali has a 52 week low of $8.35 and a 52 week high of $11.71.

About Assicurazioni Generali (Get Rating)

Assicurazioni Generali S.p.A. provides various insurance solutions. The company operates through four segments: Non-Life; Life; Asset Management; and Holding and Other Business. It offers saving and protection insurance products for individuals and family; unit linked products with investment purposes; and motor, motor third-party liability, casualty, accident, health, and commercial and industrial risks insurance products.

Read More