UBS AG has reiterated its "Buy" rating for Munich Reinsurance Company, with a target price of 560 euros.
Analyst Will Hardcastle expects a neutral market response, as the net profit figures have already been disclosed and the targets remain unchanged.
Munich Re shares experienced a 1.0 percent decline in midday trading on XETRA, currently trading at EUR 465.80. Despite this drop, the stock still has a potential upside of 20.22 percent compared to the target price.
Trading volume has increased, with 104,356 shares exchanged. Since the beginning of 2024, the share price has risen by 28.7 percent.
Munich Re is scheduled to announce its Q3 2024 results on November 7, 2024.