Hannover Re (FRA:HNR1) has been given a €130.00 ($151.16) price target by analysts at JPMorgan Chase & Co. in a report issued on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 9.60% from the stock’s previous close.
HNR1 has been the subject of several other reports. Nord/LB set a €29.30 ($34.07) target price on Aareal Bank and gave the company a “neutral” rating in a research report on Thursday, May 9th. Jefferies Financial Group initiated coverage on in a research report on Wednesday, July 3rd. They set an “underperform” rating for the company. Goldman Sachs Group set a €135.00 ($156.98) price objective on SAP and gave the stock a “buy” rating in a research report on Friday, July 12th. Royal Bank of Canada boosted their price objective on Sleep Country Canada from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 1,775 ($23.19) price objective on shares of in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Hannover Re currently has a consensus rating of “Hold” and a consensus price target of €121.66 ($141.46).
FRA HNR1 opened at €143.80 ($167.21) on Friday. The firm has a 50-day moving average price of €141.41. Hannover Re has a 1-year low of €94.75 ($110.17) and a 1-year high of €116.37 ($135.31).
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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