Hannover Re (FRA:HNR1) Given a €130.00 Price Target at Goldman Sachs Group

Goldman Sachs Group set a €130.00 ($151.16) price target on Hannover Re (FRA:HNR1) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Several other analysts have also recently issued reports on HNR1. UBS Group set a €150.00 ($174.42) target price on Hannover Re and gave the stock a neutral rating in a research note on Wednesday, November 6th. DZ Bank reissued a sell rating on shares of Hannover Re in a research note on Wednesday, November 6th. Jefferies Financial Group set a €140.00 ($162.79) target price on Hannover Re and gave the stock a neutral rating in a research note on Wednesday, August 14th. Nord/LB set a €155.00 ($180.23) target price on Hannover Re and gave the stock a neutral rating in a research note on Thursday, November 7th. Finally, Barclays set a €123.10 ($143.14) target price on Hannover Re and gave the stock a sell rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €133.58 ($155.32).

Shares of FRA HNR1 traded up €0.90 ($1.05) during trading hours on Wednesday, hitting €166.40 ($193.49). The company’s stock had a trading volume of 119,814 shares. Hannover Re has a 12 month low of €94.75 ($110.17) and a 12 month high of €116.37 ($135.31). The business has a 50-day simple moving average of €158.13 and a 200-day simple moving average of €145.66.

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.

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