Hannover Re (FRA:HNR1) has been assigned a €122.00 ($141.86) target price by investment analysts at Deutsche Bank in a report issued on Wednesday, June 26th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 14.80% from the stock’s current price.
A number of other analysts also recently issued reports on HNR1. Goldman Sachs Group set a €40.50 ($47.09) price objective on shares of Koninklijke Philips and gave the stock a “buy” rating in a report on Tuesday, May 7th. Nord/LB set a €29.30 ($34.07) target price on shares of Aareal Bank and gave the stock a “neutral” rating in a research note on Thursday, May 9th. DZ Bank reiterated a “neutral” rating on shares of Hannover Re in a research note on Monday, June 24th. Jefferies Financial Group set a $12.00 target price on shares of GameStop and gave the stock a “hold” rating in a research note on Friday, March 22nd. Finally, UBS Group raised shares of to a “neutral” rating and boosted their price objective for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Five equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of €120.66 ($140.30).
FRA HNR1 traded down €0.20 ($0.23) on Wednesday, hitting €143.20 ($166.51). 91,058 shares of the company were exchanged. Hannover Re has a 12 month low of €94.75 ($110.17) and a 12 month high of €116.37 ($135.31). The stock’s fifty day moving average is €141.04.
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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