Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) receives analysts’ average “moderate buy” recommendation


Shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY – Get a rating) earned an average “moderate buy” recommendation from the ten brokerages that currently cover the business, Marketbeat.com reports. One equity research analyst gave the stock a sell rating, two gave the company a hold rating and six gave the company a buy rating. The 1-year average target price among brokers who updated their coverage on the stock in the past year is $274.20.

A number of research companies have published reports on MURGY. The Royal Bank of Canada began covering Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a report on Wednesday July 6. They issued a “sector performance” rating on the stock. JPMorgan Chase & Co. raised its price target on the Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €330.00 ($336.73) to €335.00 ($341.84) and assigned the stock a “overweight” rating in a Monday, July 18 report. Societe Generale lowered its target price on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($280.61) to €265.00 ($270.41) and set a “buy” rating on the stock in a Monday July 25 report. Finally, Keefe, Bruyette & Woods upgraded the Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “underperforming” rating to an “overperforming” rating in a Thursday, August 25 report.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

Shares of OTCMKTS MURGY opened at $24.13 on Friday. The company has a debt ratio of 0.01, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $33.81 billion, a price/earnings ratio of 11.49, a P/E/G ratio of 0.56 and a beta of 0.95. The company’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $24.56. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 52-week minimum of $21.21 and a 52-week maximum of $31.95.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS: MURGY – Get a rating) last released its quarterly earnings data on Tuesday, August 9. The financial services provider reported EPS of $0.59 for the quarter, beating consensus analyst estimates of $0.42 from $0.17. The company had revenue of $18.30 billion for the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München achieved a return on equity of 7.99% and a net margin of 3.90%. As a group, equity research analysts expect Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to post earnings per share of 2.44 for the current financial year.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München conducts insurance and reinsurance business worldwide. The Company operates through five segments: Life and Health Reinsurance; P&C reinsurance; ERGO Life and Health Germany; ERGO IARD Germany; and ERGO International.

Further reading

Analyst recommendations for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS: MURGY)

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