Hannover Re (HNR1) Given a €122.00 Price Target at HSBC

HSBC set a €122.00 ($141.86) price target on Hannover Re (FRA:HNR1) in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Other research analysts have also issued reports about the company. DZ Bank restated a neutral rating on shares of Hannover Re in a research note on Tuesday, February 5th. Jefferies Financial Group set a €108.00 ($125.58) target price on Hannover Re and gave the company a neutral rating in a research note on Tuesday, February 5th. Goldman Sachs Group set a €120.00 ($139.53) target price on Hannover Re and gave the company a neutral rating in a research note on Tuesday, February 5th. Royal Bank of Canada set a €130.00 ($151.16) target price on Hannover Re and gave the company a neutral rating in a research note on Tuesday, February 5th. Finally, JPMorgan Chase & Co. set a €114.00 ($132.56) target price on Hannover Re and gave the company a neutral rating in a research note on Tuesday, February 5th. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. The stock currently has an average rating of Hold and an average price target of €118.76 ($138.09).

HNR1 opened at €128.90 ($149.88) on Wednesday. Hannover Re has a 1-year low of €94.75 ($110.17) and a 1-year 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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Analyst Recommendations for Hannover Re (FRA:HNR1)

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