Hannover Re (FRA:HNR1) has been given a €108.00 ($133.33) target price by JPMorgan Chase in a research note issued on Friday, March 23rd. The firm presently has a “neutral” rating on the stock. JPMorgan Chase’s price objective would indicate a potential downside of 6.25% from the company’s previous close.
Several other analysts also recently weighed in on the company. Societe Generale set a €107.00 ($132.10) target price on Hannover Re and gave the company a “neutral” rating in a research note on Tuesday, March 20th. UBS set a €106.00 ($130.86) target price on Hannover Re and gave the company a “neutral” rating in a research note on Monday, March 19th. Jefferies Group set a €109.00 ($134.57) target price on Hannover Re and gave the company a “neutral” rating in a research note on Friday, March 16th. Barclays set a €105.60 ($130.37) target price on Hannover Re and gave the company a “sell” rating in a research note on Thursday, March 15th. Finally, DZ Bank restated a “buy” rating on shares of Hannover Re in a research note on Wednesday, March 14th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of €110.60 ($136.54).
FRA:HNR1 traded up €1.40 ($1.73) during mid-day trading on Friday, hitting €115.20 ($142.22). The company had a trading volume of 126,717 shares. Hannover Re has a 1 year low of €94.75 ($116.98) and a 1 year high of €116.37 ($143.67).
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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