Hannover Rück (FRA:HNR1) received a €110.00 ($130.95) target price from equities researchers at Bank of America in a report issued on Wednesday. The brokerage currently has a “sell” rating on the stock. Bank of America’s price target points to a potential upside of 1.95% from the stock’s current price.
A number of other brokerages also recently issued reports on HNR1. Morgan Stanley set a €105.90 ($126.07) target price on Hannover Rück and gave the stock a “sell” rating in a research note on Wednesday, August 16th. Independent Research set a €95.00 ($113.10) price target on Hannover Rück and gave the stock a “sell” rating in a report on Tuesday, September 12th. Goldman Sachs Group set a €111.00 ($132.14) price target on Hannover Rück and gave the stock a “neutral” rating in a report on Thursday, November 9th. DZ Bank restated a “buy” rating on shares of Hannover Rück in a report on Thursday, November 9th. Finally, set a €115.00 ($136.90) price target on Hannover Rück and gave the stock a “neutral” rating in a report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of €108.11 ($128.71).
Hannover Rück (FRA:HNR1) opened at €107.90 ($128.45) on Wednesday. Hannover Rück has a one year low of €94.75 ($112.80) and a one year high of €116.37 ($138.54).
About Hannover Rück
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, and facultative, as well as credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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