Rating Change: Frankfurt: Talanx (ETR:TLX)’s Stock Had Its Neutral Rating Restated at Credit Suisse Group in Report Issued Today. Has EUR 30.00 Target

November 23, 2016 - By Linda Rogers

Rating Change: Frankfurt: Talanx (ETR:TLX)'s Stock Had Its Neutral Rating Restated at Credit Suisse Group in Report Issued Today. Has EUR 30.00 Target

Talanx (ETR:TLX) Rating

In a note revealed to investors on today, Credit Suisse Group restate their Neutral rating on Talanx (ETR:TLX)‘s stock. The TP would indicate a potential downside of -0.83% from company’s stock close price.

Talanx AG (ETR:TLX) Ratings Coverage

Out of 16 analysts covering Talanx (ETR:TLX), 10 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 63% are positive. €37.50 is the highest target while €26 is the lowest. The €31.80 average target is 5.93% above today’s (€30.02) stock price. Talanx has been the topic of 68 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Landesbank upgraded it to “Buy” rating and €32.50 target price in Tuesday, May 24 report. The stock of Talanx AG (ETR:TLX) has “Hold” rating given on Wednesday, August 12 by Societe Generale. The company was upgraded on Wednesday, November 18 by Landesbank. As per Thursday, March 24, the company rating was upgraded by Oddo & Cie. As per Tuesday, November 22, the company rating was upgraded by DZ BANK. Societe Generale maintained it with “Hold” rating and €30.10 target price in Wednesday, July 29 report. The stock has “Buy” rating given by Baader Wertpapierhandelsbank on Tuesday, March 22. The firm has “Buy” rating given on Tuesday, November 3 by Bankhaus Lampe. Oddo & Cie upgraded Talanx AG (ETR:TLX) on Tuesday, November 17 to “Buy” rating. Citigroup upgraded it to “Buy” rating and €34 target price in Saturday, January 23 report.

About 57,771 shares traded hands. Talanx AG (ETR:TLX) has risen 1.83% since April 26, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Talanx AG is a Germany-based well-known provider of insurance and reinsurance services and products. The company has a market cap of 7.59 billion EUR. The Company’s activities are divided into five divisions: Retail Germany, Retail International, Industrial Lines, Non-Life Reinsurance, and Life/Health Reinsurance. It has a 8.62 P/E ratio. The Retail Germany segment is operated by the subsidiary Talanx Deutschland AG and manages insurance activities serving German retail and commercial customers; the Retail International segment is managed by Talanx International AG and encompasses insurance activities outside of Germany; the Industrial Lines segment is operated by HDI Global SE, which delivers insurance solutions to retail clients and industrial clients, and the reinsurance business, including the Non-Life Reinsurance and the Life/Health Reinsurance divisions, is handled by Hannover Rueck SE.

More notable recent Talanx AG (ETR:TLX) news were published by: Bloomberg.com which released: “Talanx Slumps as Insurer Says Overhauling German Unit” on March 23, 2015, also Businesswire.com with their article: “A.M. Best Affirms Ratings of HDI Haftpflichtverband der Deutschen Industrie V …” published on June 23, 2016, Reuters.com published: “Talanx to cut 330 jobs at German sales unit in savings drive” on April 13, 2016. More interesting news about Talanx AG (ETR:TLX) were released by: Insurancejournal.com and their article: “Talanx Group’s Industrial Insurer Operating with New Name: HDI Global SE” published on January 29, 2016 as well as Insurancejournal.com‘s news article titled: “Germany’s Talanx Invests in Renewable Energy to Counter Low Interest Rates” with publication date: September 16, 2015.

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