Follow The Ratings: Talanx (ETR:TLX) Stock Hold Rating Reconfirmed at Norddeutsche Landesbank; The PT is EUR 33.00

November 28, 2016 - By Peter Kolinski

Follow The Ratings: Talanx (ETR:TLX) Stock Hold Rating Reconfirmed at Norddeutsche Landesbank; The PT is EUR 33.00

Talanx (ETR:TLX) Rating

Talanx (ETR:TLX) had its stock rating noted as Hold by analysts at Norddeutsche Landesbank. Norddeutsche Landesbank currently has a EUR 33.00 TP on the 7.55B EUR market cap company or 9.20% upside potential. This was revealed to investors in a research note on Sunday morning.

Talanx AG (ETR:TLX) Ratings Coverage

Out of 16 analysts covering Talanx (ETR:TLX), 9 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 56% are positive. €37.50 is the highest target while €26 is the lowest. The €31.91 average target is 6.79% above today’s (€29.88) stock price. Talanx has been the topic of 70 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Talanx AG (ETR:TLX) has “Accumulate” rating given on Wednesday, November 16 by Equinet. The company was upgraded on Tuesday, January 19 by Bankhaus Lampe. As per Tuesday, June 14, the company rating was maintained by Credit Suisse. The stock of Talanx AG (ETR:TLX) earned “Buy” rating by Bankhaus Lampe on Wednesday, September 21. The stock of Talanx AG (ETR:TLX) earned “Neutral” rating by Credit Suisse on Wednesday, November 23. On Wednesday, August 12 the stock rating was upgraded by DZ-Bank AG to “Buy”. Bankhaus Lampe upgraded the shares of TLX in a report on Thursday, May 19 to “Buy” rating. The firm earned “Hold” rating on Sunday, November 27 by Landesbank. The rating was upgraded by Oddo & Cie on Friday, July 24 to “Buy”. The rating was maintained by Baader Wertpapierhandelsbank with “Hold” on Tuesday, September 13.

About 50,879 shares traded hands. Talanx AG (ETR:TLX) has risen 2.84% since April 29, 2016 and is uptrending. It has underperformed by 3.17% 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 7.55 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 8.57 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, Insurancejournal.com published: “Talanx Group’s Industrial Insurer Operating with New Name: HDI Global SE” on January 29, 2016. More interesting news about Talanx AG (ETR:TLX) were released by: Reuters.com and their article: “Talanx to cut 330 jobs at German sales unit in savings drive” published on April 13, 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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