Hannover Rueck (FRA:HNR1) has been assigned a €112.00 ($138.27) target price by equities researchers at Commerzbank in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. Commerzbank’s price objective would indicate a potential upside of 1.17% from the stock’s current price.
A number of other equities research analysts have also issued reports on the company. equinet set a €110.00 ($135.80) price target on Hannover Rueck and gave the stock a “neutral” rating in a research note on Tuesday. Goldman Sachs Group set a €111.00 ($137.04) price target on Hannover Rueck and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada reissued a “neutral” rating on shares of Hannover Rueck in a research note on Tuesday. JPMorgan Chase & Co. set a €108.00 ($133.33) price target on Hannover Rueck and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Nord/LB set a €110.00 ($135.80) price target on Hannover Rueck and gave the stock a “neutral” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €109.50 ($135.19).
Shares of Hannover Rueck (FRA HNR1) traded down €4.20 ($5.19) during mid-day trading on Tuesday, hitting €110.70 ($136.67). The company had a trading volume of 267,137 shares. Hannover Rueck has a 52-week low of €94.75 ($116.98) and a 52-week high of €116.37 ($143.67). The company has a market cap of $13,830.00 and a price-to-earnings ratio of 14.36.
Hannover Rueck 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, and facultative, as well as credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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