JPMorgan Chase & Co. Increases Assicurazioni Generali (OTCMKTS:ARZGY) Price Target to €23.50

Assicurazioni Generali (OTCMKTS:ARZGY – Get Rating) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from €23.00 ($23.96) to €23.50 ($24.48) in a research note issued to investors on Friday, The Fly reports.

Several other equities analysts have also issued reports on the stock. Morgan Stanley boosted their price target on shares of Assicurazioni Generali from €21.00 ($21.88) to €23.00 ($23.96) in a report on Wednesday, April 6th. Kepler Capital Markets cut shares of Assicurazioni Generali from a “buy” rating to a “hold” rating and cut their price objective for the company from €21.00 ($21.88) to €20.00 ($20.83) in a research report on Thursday, March 17th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Assicurazioni Generali from €19.00 ($19.79) to €18.00 ($18.75) and set a “hold” rating on the stock in a research report on Wednesday, March 16th. Berenberg Bank cut their price objective on shares of Assicurazioni Generali from €23.40 ($24.38) to €22.60 ($23.54) and set a “buy” rating on the stock in a research report on Thursday, March 17th. Finally, Societe Generale cut shares of Assicurazioni Generali from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.85.

Shares of ARZGY stock traded up $0.39 on Friday, hitting $9.59. The stock had a trading volume of 42,257 shares, compared to its average volume of 59,769. Assicurazioni Generali has a twelve month low of $8.35 and a twelve month high of $11.71. The company has a fifty day moving average price of $10.12 and a two-hundred day moving average price of $10.31.

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.

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