Hannover Re (FRA:HNR1) has been assigned a €120.00 ($139.53) target price by stock analysts at Goldman Sachs Group in a research note issued to investors on Friday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective suggests a potential downside of 15.79% from the company’s previous close.
Several other analysts also recently commented on the company. Independent Research set a €85.00 ($98.84) target price on Henkel AG & Co KGaA and gave the company a “sell” rating in a research note on Tuesday, May 7th. Deutsche Bank reiterated a “hold” rating and set a GBX 1,775 ($23.19) target price on shares of in a research note on Wednesday, June 26th. Societe Generale set a €119.00 ($138.37) target price on Hannover Re and gave the company a “sell” rating in a research note on Wednesday, May 15th. DZ Bank reiterated a “neutral” rating on shares of Hannover Re in a research note on Monday, June 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 485 ($6.34) target price on shares of in a research note on Tuesday, July 9th. Five analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of €120.66 ($140.30).
Shares of HNR1 opened at €142.50 ($165.70) on Friday. The company’s fifty day simple moving average is €140.20. 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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