Allianz (ETR:ALV) May Have Just Reached An Inflection Point; Independent Research GmbH Upgrades Shares


Allianz (ETR:ALV) Stock Upgrade

Independent Research GmbH upgraded shares of Allianz (ETR:ALV) to a solid Buy rating in analysts note revealed to investors and clients on 2 December. Analysts currently have a EUR 198.00 TP set on the stock. This TP may mean a possible upside of 17.86% from the stock price of the stock.

From a total of 22 analysts covering Allianz (ETR:ALV) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 12 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is €140 while the lowest target price is €75. The mean of all analyst targets is €116.42 with a 1.36% above today’s (€167.55) stock price. Allianz was the topic of 33 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Equinet upgraded shares on November 26 to “Buy” rating. Bernstein maintained shares with “Market Perform” rating and €153 target share price in a report from a November 24. S&P Research maintained ALV stock in a recent report from November 26 with “Hold” rating. Bankhaus Lampe maintained the rating on November 18. Bankhaus Lampe has a “Hold” rating and a €165 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a November 25.

The stock decreased 0.06% or EUR 0.1 on December 1, striking EUR 167.55. Approximately 1.53M shares of stock traded hands or 10.87% up from the average. Allianz SE (ETR:ALV) has risen 6.23% since April 29, 2015 and is uptrending. It has outperformed by 7.85% the S&P500.

 Allianz (ETR:ALV) May Have Just Reached An Inflection Point; Independent Research GmbH Upgrades Shares

Allianz SE is a holding company for Allianz Group. The company has a market cap of 76.41 billion EUR. The Firm is a financial services provider. It has 11.98 P/E ratio. It offers products and solutions in insurance and asset management.

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