Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Stock Price Crosses Below 50 Day Moving Average of $24.26

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.26 and traded as low as $22.85. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München shares last traded at $22.96, with a volume of 122,201 shares traded.

MURGY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($286.46) to €260.00 ($270.83) in a research note on Wednesday, March 16th. Morgan Stanley lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 5th. Societe Generale raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a research note on Tuesday, March 29th. UBS Group raised their price objective on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €266.00 ($277.08) to €270.00 ($281.25) and gave the stock a “buy” rating in a research note on Monday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €335.00 ($348.96) to €330.00 ($343.75) in a research report on Thursday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München currently has a consensus rating of “Hold” and a consensus target price of $275.25.

The stock has a market cap of $32.17 billion, a price-to-earnings ratio of 9.33 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $24.26 and a 200-day moving average of $27.06.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile (OTCMKTS:MURGY)

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International.

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