Hannover Re (HNR1) Given a €140.00 Price Target at Independent Research

Hannover Re (FRA:HNR1) has been assigned a €140.00 ($162.79) price objective by equities researchers at Independent Research in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Independent Research’s target price indicates a potential upside of 8.53% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada set a €130.00 ($151.16) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. set a €114.00 ($132.56) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday. Goldman Sachs Group set a €120.00 ($139.53) price objective on shares of Hannover Re and gave the stock a “sell” rating in a research note on Tuesday. Credit Suisse Group set a €135.00 ($156.98) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank set a €116.00 ($134.88) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €118.37 ($137.64).

Hannover Re stock opened at €129.00 ($150.00) on Tuesday. Hannover Re has a one year low of €94.75 ($110.17) and a one year high of €116.37 ($135.31).

About Hannover Re

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.

Read More: What is the formula for calculating total return?

Analyst Recommendations for Hannover Re (FRA:HNR1)

Receive News & Ratings for Hannover Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannover Re and related companies with MarketBeat.com's FREE daily email newsletter.