Hannover Re (FRA:HNR1) has been given a €114.00 ($132.56) price target by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 13.44% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. DZ Bank reissued a “neutral” rating on shares of Hannover Re in a report on Tuesday, February 5th. Jefferies Financial Group set a €108.00 ($125.58) price target on Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, February 5th. Goldman Sachs Group set a €120.00 ($139.53) price target on Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, February 5th. Royal Bank of Canada set a €130.00 ($151.16) price target on Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, February 5th. Finally, UBS Group set a €123.00 ($143.02) price target on Hannover Re and gave the stock a “neutral” rating in a research note on Friday, February 1st. Four research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €115.67 ($134.50).
Hannover Re stock opened at €131.70 ($153.14) on Tuesday. 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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