Hannover Rueck (FRA:HNR1) received a €120.00 ($148.15) price target from analysts at Credit Suisse Group in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 7.91% from the stock’s previous close.
Several other research analysts have also issued reports on the company. BNP Paribas set a €122.00 ($150.62) price target on Hannover Rueck and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Jefferies Group set a €107.00 ($132.10) price target on Hannover Rueck and gave the stock a “neutral” rating in a research report on Monday, October 16th. Independent Research set a €93.00 ($114.81) price objective on Hannover Rueck and gave the stock a “sell” rating in a research note on Friday, October 20th. Deutsche Bank set a €100.00 ($123.46) price objective on Hannover Rueck and gave the stock a “neutral” rating in a research note on Friday, October 20th. Finally, equinet set a €100.00 ($123.46) price objective on Hannover Rueck and gave the stock a “neutral” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €109.33 ($134.97).
Shares of Hannover Rueck (HNR1) traded up €1.70 ($2.10) on Thursday, reaching €111.20 ($137.28). The company’s stock had a trading volume of 310,098 shares. The company has a market cap of $13,310.00 and a price-to-earnings ratio of 14.42. Hannover Rueck has a 52-week low of €94.75 ($116.98) and a 52-week high of €116.37 ($143.67).
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Hannover R??ck 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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