Munich Re stock: RBC lifts target from EUR 500.00 to EUR 530.00
Published on 10/20/2026 at 15:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- RBC raised its Munich Re target from EUR 500.00 to EUR 530.00 on October 20, 2026.
- Second-quarter revenue reached EUR 18.64 billion, up 16.50 percent year over year.
- Munich Re stock costs EUR 546.30 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, 0.64 percent above the Xetra close of October 19, 2026.
- Munich Re is scheduled to report third-quarter 2026 results on November 12, 2026.
Munich Re (ISIN DE0008430026) received a higher RBC target on October 20, 2026, with the Canadian bank lifting its price objective from EUR 500.00 to EUR 530.00 while retaining Sector Perform, as Boersen-Zeitung reported. Munich Re was trading at EUR 546.30 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, up 0.64 percent versus the Xetra close of October 19, 2026 at EUR 542.80.
RBC sees higher earnings
The target increase came with a higher 2026 earnings forecast for Munich Re, even as RBC pointed to pressure on property and casualty reinsurance pricing. The report also cited higher investment returns as a possible offset to weaker underwriting conditions.
Munich Re's latest reported quarter ended June 30, 2026. Revenue reached EUR 18.64 billion, up 16.50 percent from EUR 16.00 billion a year earlier, while net profit rose to EUR 2.21 billion from EUR 2.08 billion, according to The Globe and Mail. The earnings figures give the target revision an operating reference, although the two sources address different periods and decisions.
Stock stays below yearly high
The Lang & Schwarz price is EUR 26.30 below Munich Re's 52-week high of EUR 572.60 and EUR 108.90 above its 52-week low of EUR 437.40, both as of October 20, 2026. Trading volume stood at 71,022 shares at the quoted time. The price is therefore 4.59 percent below the yearly high.
Valuation and next results date
Munich Re had a price-to-earnings ratio of 10.17 and a market capitalization of EUR 68.7 billion on October 20, 2026. The next scheduled reporting date is November 12, 2026, when the company is listed to release third-quarter 2026 results, according to MarketScreener.
Comparison with peers
Munich Re: plus 0.64 percent, P/E 10.17, market capitalization EUR 68.7 billion.
Hannover Re (Xetra, EUR): plus 0.95 percent, P/E 3.65, market capitalization EUR 33.3 billion.
Swiss Re (SIX, CHF): plus 1.10 percent, P/E 11.20, market capitalization CHF 44.9 billion.
What the target means for the stock
RBC's EUR 530.00 objective sits below the Lang & Schwarz price, so the new target does not create an upside comparison at the current euro quote. The next earnings date gives investors a defined point for testing whether second-quarter profitability is carrying into the third quarter.
Munich Re stock was trading at EUR 546.30 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, 0.64 percent above the Xetra close of October 19, 2026 at EUR 542.80. The further course of trading is shown by the continuously updated real-time quote of Munich Re stock.
Munich Re stock facts
- Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- ISIN: DE0008430026
- Ticker: MUV2
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 20, 2026, 3:31 p.m. CEST): EUR 546.30
- Change versus Xetra close: plus 0.64 percent
- Xetra close (October 19, 2026): EUR 542.80
- Market capitalization: EUR 68.7 billion (as of October 20, 2026)
- 52-week range: EUR 437.40-572.60 (as of October 20, 2026)
- Sector / Industry: Financial Services / Insurance - Reinsurance
Market context: Market report DAX.
