Huge dividends and super P/E ratios: Good price targets for Allianz and BASF according to analysts

Huge dividends and super P/E ratios: Good price targets for Allianz and BASF according to analysts

According to a report from Börse Online, Allianz and BASF shares have received good new price targets from analysts such as Morningstar, Morgan Stanley and JP Morgan. This could be the case due to their high dividend yields and low P/E ratios. Allianz shares currently have a dividend yield of 5.94 percent for 2024 and a P/E ratio of 8.5. For BASF shares, the P/E ratio for 2024 is 9.6 and the dividend yield is 7.87 percent. The question arises as to whether these good values ​​are responsible for the two companies receiving positive price targets from analysts.

Analysts have different assessments of BASF shares. Deutsche Bank recommends buying the share with a price target of 56 euros, which means a potential of 35 percent. Morgan Stanley, on the other hand, advises holding with a price target of 43 euros. JP Morgan continues to recommend buying BASF as destocking by chemical customers has been strong in recent quarters and is nearing an end. In addition, the attractive valuation of the sector is cited as a reason for the buy recommendation. The quarterly figures, which will be announced on October 31st, are eagerly awaited.

Allianz shares also held up well despite the turbulent last few days on the stock market. The insurance stock met expectations and maintained its upward trend. Analysts remain positive. Morningstar recommends buying Allianz shares with a price target of 250 euros, while JP Morgan sets the price target at 270 euros. Morgan Stanley also recommends buying the stock and gives a price target of 249 euros. Allianz's quarterly figures on November 11th will be interesting.

The article provides an insight into analysts' current assessments and price targets for Allianz and BASF shares. The high dividend yields and low P/E ratios could have an impact on these positive views. However, investors should also keep an eye on the company's quarterly figures and general development.

Source: According to a report from Börse Online.