Hannover Re (HNR1) Given a €105.00 Price Target by Commerzbank Analysts

Hannover Re (FRA:HNR1) has been given a €105.00 ($122.09) target price by stock analysts at Commerzbank in a research report issued to clients and investors on Thursday, November 8th. The brokerage presently has a “sell” rating on the stock. Commerzbank’s price target indicates a potential downside of 15.25% from the company’s previous close.

HNR1 has been the subject of several other research reports. UBS Group set a €115.00 ($133.72) target price on shares of Hannover Re and gave the company a “neutral” rating in a research note on Tuesday, October 16th. Jefferies Financial Group set a €108.00 ($125.58) target price on Hannover Re and gave the company a “neutral” rating in a report on Monday, October 29th. Societe Generale set a €112.00 ($130.23) target price on Hannover Re and gave the company a “neutral” rating in a report on Thursday, August 9th. Oddo Bhf set a €114.00 ($132.56) target price on Hannover Re and gave the company a “neutral” rating in a report on Wednesday, August 1st. Finally, Royal Bank of Canada set a €122.00 ($141.86) target price on Hannover Re and gave the company a “neutral” rating in a report on Monday, October 29th. Five analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of €113.71 ($132.22).

HNR1 traded up €1.20 ($1.40) during trading on Thursday, hitting €123.90 ($144.07). The company had a trading volume of 169,648 shares. 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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Analyst Recommendations for Hannover Re (FRA:HNR1)

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