UBS has given Munich Re a 'Buy' rating and set a target price of 565 euros after the release of the reinsurer's third-quarter results. The profit figures were lower than expected, which may result in a cautious negative reaction in the market. However, there are no significant changes expected in the company's future estimates.
As of October 22, 2024, Munich Re's shares were trading at 476.80 euros, showing a 2.75% decline from the previous day. The stock has had a high of 512.80 euros and a low of 364.60 euros in the past year. Trading activity on various exchanges, including Tradegate and Xetra, indicates a consistent downward trend, with prices ranging from 476.70 to 479.50 euros.
The market reaction to Munich Re's third-quarter results may be cautious due to lower-than-expected profit figures. However, UBS has given the company a 'Buy' rating and set a target price of 565 euros, indicating confidence in its future performance. Munich Re's shares are currently trading at 476.80 euros, with a decline of 2.75% from the previous day. The stock has experienced both highs and lows in the past year, and trading activity suggests a consistent downward trend.