Hannover Re (FRA:HNR1) has been given a €112.00 ($130.23) target price by Societe Generale in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Societe Generale’s price objective indicates a potential downside of 10.61% from the stock’s previous close.
Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. set a €117.00 ($136.05) target price on Hannover Re and gave the stock a “neutral” rating in a research report on Thursday. equinet set a €110.00 ($127.91) target price on Hannover Re and gave the stock a “neutral” rating in a research report on Thursday. Commerzbank set a €105.00 ($122.09) price target on Hannover Re and gave the company a “sell” rating in a report on Thursday. Goldman Sachs Group set a €116.00 ($134.88) price target on Hannover Re and gave the company a “neutral” rating in a report on Thursday. Finally, Baader Bank set a €110.00 ($127.91) price target on Hannover Re and gave the company a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of €112.87 ($131.24).
Hannover Re stock opened at €125.30 ($145.70) on Thursday. Hannover Re has a one year low of €94.75 ($110.17) and a one year high of €116.37 ($135.31).
Hannover Re Company Profile
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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