Hannover Re (FRA:HNR1) received a €119.00 ($138.37) price target from stock analysts at Societe Generale in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Societe Generale’s target price points to a potential downside of 11.19% from the company’s current price.
A number of other analysts have also weighed in on HNR1. DZ Bank reiterated a “neutral” rating on shares of Hannover Re in a research note on Tuesday, February 5th. Jefferies Financial Group set a €108.00 ($125.58) target price on shares of 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) target price on shares of 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 shares of Hannover Re and gave the company a “neutral” rating in a research report on Tuesday, February 5th. Finally, JPMorgan Chase & Co. set a €114.00 ($132.56) price target on shares of Hannover Re and gave the company a “neutral” rating in a research report on Tuesday, February 5th. Five investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €119.15 ($138.55).
Shares of Hannover Re stock traded up €3.40 ($3.95) during trading hours on Wednesday, reaching €134.00 ($155.81). The company’s stock had a trading volume of 262,996 shares. 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.
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