Hannover Re (FRA:HNR1) has been assigned a €120.00 ($139.53) price objective by analysts at Goldman Sachs Group in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Goldman Sachs Group’s target price indicates a potential downside of 15.79% from the company’s current price.
Several other research analysts have also commented on HNR1. Barclays lifted their price target on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an “overweight” rating in a research report on Monday, July 8th. Credit Suisse Group reissued a “neutral” rating and issued a $100.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 23rd. DZ Bank reissued a “neutral” rating on shares of Hannover Re in a research note on Monday, June 24th. Nord/LB set a €29.30 ($34.07) price objective on shares of Aareal Bank and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Finally, HSBC decreased their price objective on shares of Canada Goose from C$62.00 to C$55.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Five research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Hannover Re presently has an average rating of “Hold” and an average target price of €120.66 ($140.30).
HNR1 opened at €142.50 ($165.70) on Friday. Hannover Re has a 12 month low of €94.75 ($110.17) and a 12 month high of €116.37 ($135.31). The stock has a 50-day moving average of €140.20.
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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