Talanx (ETR:TLX) Hits New 1-Year High at $43.52

Talanx AG (ETR:TLX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as €43.52 ($50.60) and last traded at €43.48 ($50.56), with a volume of 11873 shares changing hands. The stock had previously closed at €43.26 ($50.30).

A number of research analysts have recently commented on TLX shares. Nord/LB set a €48.00 ($55.81) price target on Talanx and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. set a €47.00 ($54.65) price objective on Talanx and gave the company a “buy” rating in a research report on Thursday, October 17th. Deutsche Bank set a €39.00 ($45.35) price objective on shares of Talanx and gave the stock a “buy” rating in a research note on Monday, September 30th. Oddo Bhf set a €43.00 ($50.00) target price on shares of Talanx and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Warburg Research set a €40.80 ($47.44) price target on shares of Talanx and gave the company a “neutral” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of €42.88 ($49.86).

The firm has a fifty day simple moving average of €42.22 and a 200 day simple moving average of €39.13. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 29.91. The stock has a market cap of $10.65 billion and a price-to-earnings ratio of 11.15.

Talanx Company Profile (ETR:TLX)

Talanx Aktiengesellschaft provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance.

Further Reading: What are trading strategies for the 52-week high/low?

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