Nord/LB set a €130.00 ($151.16) price objective on Hannover Re (FRA:HNR1) in a report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
HNR1 has been the subject of a number of other reports. Jefferies Financial Group set a €125.00 ($145.35) price target on Hannover Re and gave the company a neutral rating in a report on Wednesday, July 3rd. Royal Bank of Canada set a €131.00 ($152.33) price target on Hannover Re and gave the company a neutral rating in a report on Thursday, August 8th. Credit Suisse Group set a €135.00 ($156.98) price target on Hannover Re and gave the company a neutral rating in a report on Tuesday, April 23rd. Societe Generale set a €119.00 ($138.37) price target on Hannover Re and gave the company a sell rating in a report on Wednesday, May 15th. Finally, Independent Research set a €145.00 ($168.60) price target on Hannover Re and gave the company a neutral rating in a report on Thursday, August 8th. Five analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The company has an average rating of Hold and a consensus price target of €123.72 ($143.86).
Hannover Re stock opened at €143.80 ($167.21) on Tuesday. The stock has a 50-day simple moving average of €142.77 and a 200 day simple moving average of €135.01. Hannover Re has a 12-month low of €94.75 ($110.17) and a 12-month high of €116.37 ($135.31).
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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