Royal Bank of Canada set a €131.00 ($152.33) target price on Hannover Re (FRA:HNR1) in a report published on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other brokerages have also commented on HNR1. Goldman Sachs Group set a €135.00 ($156.98) price target on shares of SAP and gave the stock a buy rating in a research note on Friday, July 12th. Barclays reiterated an underweight rating and set a GBX 600 ($7.84) price target on shares of in a research note on Monday, July 8th. JPMorgan Chase & Co. reiterated a sell rating and set a $60.00 price target on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. HSBC cut their price target on shares of Canada Goose from C$62.00 to C$55.00 and set a buy rating on the stock in a research note on Monday, June 3rd. Finally, Deutsche Bank reiterated a hold rating and set a GBX 1,775 ($23.19) price target on shares of in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Hannover Re presently has a consensus rating of Hold and an average price target of €121.66 ($141.46).
Shares of FRA:HNR1 opened at €143.80 ($167.21) on Friday. The stock’s fifty day moving average is €141.41. Hannover Re has a 12 month low of €94.75 ($110.17) and a 12 month high of €116.37 ($135.31).
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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