Hannover Re (FRA:HNR1) received a €105.00 ($122.09) price target from analysts at Commerzbank in a research report issued to clients and investors on Thursday. The brokerage currently has a “sell” rating on the stock. Commerzbank’s target price would indicate a potential downside of 16.20% from the stock’s previous close.
A number of other research analysts also recently weighed in on HNR1. Royal Bank of Canada set a €122.00 ($141.86) price objective on shares of Hannover Re and gave the company a “neutral” rating in a research report on Thursday, August 9th. Kepler Capital Markets set a €114.00 ($132.56) price target on shares of Hannover Re and gave the stock a “neutral” rating in a research report on Friday, August 10th. Societe Generale set a €112.00 ($130.23) price target on shares of Hannover Re and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Barclays set a €106.00 ($123.26) price target on shares of Hannover Re and gave the stock a “sell” rating in a research report on Monday, August 6th. Finally, Jefferies Financial Group set a €109.00 ($126.74) price target on shares of Hannover Re and gave the stock a “neutral” rating in a research report on Friday, August 3rd. Five analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €112.87 ($131.24).
Shares of Hannover Re stock opened at €125.30 ($145.70) on Thursday. Hannover Re has a twelve month low of €94.75 ($110.17) and a twelve month high of €116.37 ($135.31).
Hannover Re Company Profile
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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