Nord/LB set a €155.00 ($180.23) price objective on Hannover Re (FRA:HNR1) in a research report report published on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also recently issued reports on HNR1. Barclays set a €123.10 ($143.14) target price on Hannover Re and gave the stock a sell rating in a report on Wednesday. Goldman Sachs Group set a €120.00 ($139.53) price target on Hannover Re and gave the company a sell rating in a report on Wednesday. UBS Group set a €150.00 ($174.42) price target on Hannover Re and gave the company a neutral rating in a report on Wednesday. Bankhaus Lampe set a €135.00 ($156.98) price target on Hannover Re and gave the company a neutral rating in a report on Wednesday. Finally, JPMorgan Chase & Co. set a €133.00 ($154.65) price target on Hannover Re and gave the company a sell rating in a report on Wednesday. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The company currently has an average rating of Hold and an average target price of €132.86 ($154.49).
Shares of HNR1 opened at €165.70 ($192.67) on Thursday. Hannover Re has a 1 year low of €94.75 ($110.17) and a 1 year high of €116.37 ($135.31). The stock has a 50 day simple moving average of €156.73 and a 200-day simple moving average of €144.87.
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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