Allianz (FRA:ALV) Share Price Passes Above Two Hundred Day Moving Average of $172.20

Shares of Allianz SE (FRA:ALV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $172.20 and traded as high as $182.64. Allianz shares last traded at $181.80, with a volume of 1,204,644 shares trading hands.

Several research firms have recently weighed in on ALV. Morgan Stanley set a €219.00 ($257.65) price target on Allianz and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Jefferies Financial Group set a €205.00 ($241.18) price target on shares of Allianz and gave the company a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. set a €208.00 ($244.71) price target on shares of Allianz and gave the stock a “buy” rating in a report on Monday, September 7th. Kepler Capital Markets set a €220.00 ($258.82) price objective on Allianz and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group set a €215.00 ($252.94) target price on Allianz and gave the stock a “buy” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of €207.00 ($243.53).

The business has a 50 day moving average price of €181.54 and a 200-day moving average price of €172.20.

About Allianz (FRA:ALV)

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 insurance products to private and corporate customers.

Read More: Why Invest in Dividend Achievers?

Receive News & Ratings for Allianz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianz and related companies with MarketBeat.com's FREE daily email newsletter.