Hannover Re (FRA:HNR1) has been assigned a €140.00 ($162.79) price objective by stock analysts at Independent Research in a report issued on Tuesday, May 7th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential upside of 5.18% from the stock’s previous close.
A number of other brokerages also recently issued reports on HNR1. JPMorgan Chase & Co. set a €114.00 ($132.56) target price on Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Royal Bank of Canada set a €130.00 ($151.16) target price on Hannover Re and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Goldman Sachs Group set a €120.00 ($139.53) price target on Hannover Re and gave the stock a “sell” rating in a report on Tuesday, April 30th. Finally, Credit Suisse Group set a €135.00 ($156.98) price target on Hannover Re and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €119.15 ($138.55).
Shares of FRA:HNR1 traded down €1.40 ($1.63) on Tuesday, hitting €133.10 ($154.77). 175,154 shares of the company’s stock were exchanged. Hannover Re has a 1-year low of €94.75 ($110.17) and a 1-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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