Royal Bank of Canada set a €130.00 ($151.16) price target on Hannover Re (FRA:HNR1) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts have also weighed in on HNR1. UBS Group raised to a neutral rating and lifted their price objective for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th. Independent Research set a €85.00 ($98.84) price objective on Henkel AG & Co KGaA and gave the company a sell rating in a report on Tuesday, May 7th. Goldman Sachs Group set a €40.50 ($47.09) price objective on Koninklijke Philips and gave the company a buy rating in a report on Tuesday, May 7th. Barclays lifted their price objective on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the company an overweight rating in a report on Monday, July 8th. Finally, Credit Suisse Group reiterated a neutral rating and set a $100.00 price target on shares of Procter & Gamble in a research report on Tuesday, April 23rd. Five analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Hannover Re currently has an average rating of Hold and a consensus price target of €120.66 ($140.30).
Shares of HNR1 opened at €142.50 ($165.70) on Tuesday. Hannover Re has a twelve month low of €94.75 ($110.17) and a twelve month high of €116.37 ($135.31). The firm has a 50 day simple moving average of €140.20.
Hannover Re Company Profile
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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