It May Be Time to Buy Shares of Allianz (ETR:ALV) as Commerzbank AG Has Upgraded The Stock


Allianz (ETR:ALV) Stock Upgrade

Allianz (ETR:ALV) shares were lifted by research analysts at Commerzbank AG to a solid “Buy” rating in a comprehensive report revealed to investors and clients today. Analysts now have a EUR 184.00 target price per share on the shares. Commerzbank AG’s target price per share implies a possible upside of 12.75%.

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 €116.43 with a 4.79% above today’s (€162.55) stock price. Allianz was the topic of 35 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe maintained shares on December 3 with “Hold” rating. Societe Generale maintained shares with “Hold” rating and €165 target share price in a report from a November 25. Equinet upgraded ALV stock in a recent report from November 26 to “Buy” rating. Bernstein maintained the rating on November 24. Bernstein has a “Market Perform” rating and a €153 price target on shares. Finally, UBS upgraded the stock to “Buy” rating in a report issued on a November 26.

The stock decreased 2.90% or EUR 4.85 on December 3, striking EUR 162.55. Approximately 3.31M shares of stock traded hands or 133.10% up from the average. Allianz SE (ETR:ALV) has risen 6.62% since May 1, 2015 and is uptrending. It has outperformed by 6.91% the S&P500.

 It May Be Time to Buy Shares of Allianz (ETR:ALV) as Commerzbank AG Has Upgraded The Stock

Allianz SE is a holding company for Allianz Group. The company has a market cap of 74.29 billion EUR. The Firm is a financial services provider. It has 11.62 P/E ratio. It offers products and solutions in insurance and asset management.

According to Zacks Investment Research, “Autoliv Inc. is a worldwide leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are our customers.” Get a free copy of the Zacks research report on Allianz SE (ALV).