Jefferies Financial Group set a €140.00 ($162.79) price objective on Hannover Re (FRA:HNR1) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research analysts also recently weighed in on HNR1. DZ Bank reiterated a neutral rating on shares of Hannover Re in a research report on Thursday, August 8th. HSBC set a €118.00 ($137.21) price target on shares of Hannover Re and gave the stock a sell rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. set a €130.00 ($151.16) price target on shares of Hannover Re and gave the stock a neutral rating in a research report on Friday, July 19th. UBS Group set a €135.00 ($156.98) price target on shares of Hannover Re and gave the stock a neutral rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada set a €131.00 ($152.33) price target on shares of Hannover Re and gave the stock a neutral rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €123.72 ($143.86).
HNR1 opened at €144.70 ($168.26) on Wednesday. Hannover Re has a 1-year low of €94.75 ($110.17) and a 1-year high of €116.37 ($135.31). The firm’s 50 day simple moving average is €142.85 and its two-hundred day simple moving average is €135.06.
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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