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.
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