What Can We Expect From The Talanx (ETR:TLX) Upgrade By Bankhaus Lampe KG? The Target Given is EUR 32.00

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Talanx (ETR:TLX) Stock Upgrade

In a recent research report revealed to investors on Thursday, 3 December, Bankhaus Lampe KG has increased shares of Talanx (ETR:TLX) stock to a solid “Buy” and has established a one year target PPS to EUR 32.00. This target is 9.14% from TLX’s current share price.

From a total of 12 analysts covering Talanx (ETR:TLX) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €33 while the lowest target price is €26. The mean of all analyst targets is €30.33 with a 3.30% above today’s (€29.36) stock price. Talanx was the topic of 27 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Landesbank upgraded shares on November 18 to “Buy” rating. HSBC maintained shares with “Hold” rating and €30.10 target share price in a report from a September 23. Commerzbank upgraded TLX stock in a recent report from November 13 to “Buy” rating. Baader Wertpapierhandelsbank maintained the rating on September 19. Baader Wertpapierhandelsbank has a “Hold” rating and a €28.50 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on an October 27.

The stock increased 0.20% or EUR 0.06 on December 2, striking EUR 29.36. Approximately 132,323 shares of stock traded hands. Talanx AG (ETR:TLX) has declined 22.64% since May 6, 2015 and is downtrending. It has underperformed by 22.44% the S&P500.

 What Can We Expect From The Talanx (ETR:TLX) Upgrade By Bankhaus Lampe KG? The Target Given is EUR 32.00

Talanx AG is a Germany-based holding firm engaged in the insurance and financial services industries. The company has a market cap of 7.42 billion EUR. Through its subsidiaries, it provides insurance and reinsurance services and products. It has 10.21 P/E ratio. The Company’s activities are divided into five divisions: Retail Germany, Retail International, Industrial Lines, Non-Life Reinsurance, and Life/Health Insurance.

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