Rating Worth Mentioning Today: Talanx (ETR:TLX) Gains a Vote of Confidence From Oddo Seydler Bank AG. What to Expect?

November 24, 2016 - By Louis Casey

Rating Worth Mentioning Today:  Talanx (ETR:TLX) Gains a Vote of Confidence From Oddo Seydler Bank AG. What to Expect?

Talanx (ETR:TLX) Upgrade

Oddo Seydler Bank AG gave Talanx (ETR:TLX) shares a new Buy rating in a a research report made public on Thursday morning. The broker from today has EUR 33.00 target price on the stock. Oddo Seydler Bank AG’s target is 9.78% from TLX’s last 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 €31.87 average target is 5.25% above today’s (€30.28) stock price. Talanx has been the topic of 69 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Talanx AG (ETR:TLX) has “Buy” rating given on Thursday, October 1 by Commerzbank. The rating was upgraded by Bankhaus Lampe on Wednesday, September 21 to “Buy”. The rating was upgraded by Equinet on Friday, April 22 to “Accumulate”. As per Thursday, August 13, the company rating was maintained by Landesbank. The stock of Talanx AG (ETR:TLX) has “Hold” rating given on Tuesday, September 8 by HSBC. The stock of Talanx AG (ETR:TLX) has “Buy” rating given on Tuesday, May 24 by Landesbank. The stock of Talanx AG (ETR:TLX) has “Buy” rating given on Saturday, August 13 by Societe Generale. The firm has “Neutral” rating by Credit Suisse given on Wednesday, November 23. The firm earned “Hold” rating on Tuesday, September 13 by Baader Wertpapierhandelsbank. Bankhaus Lampe upgraded the shares of TLX in a report on Wednesday, November 16 to “Buy” rating.

About 98,058 shares traded hands. Talanx AG (ETR:TLX) has risen 1.78% since April 27, 2016 and is uptrending. It has underperformed by 3.63% 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 7.65 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 8.69 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: Businesswire.com which released: “A.M. Best Affirms Ratings of HDI Haftpflichtverband der Deutschen Industrie V …” on June 23, 2016, also Bloomberg.com with their article: “Talanx Slumps as Insurer Says Overhauling German Unit” published on March 23, 2015, 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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