Hannover Re (FRA:HNR1) Given Consensus Rating of “Hold” by Brokerages

Shares of Hannover Re (FRA:HNR1) have been given a consensus rating of “Hold” by the eighteen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is €121.64 ($141.44).

A number of equities analysts have recently weighed in on HNR1 shares. HSBC lowered their target price on 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. Independent Research set a €85.00 ($98.84) target price on Henkel AG & Co KGaA and gave the stock a “sell” rating in a research note on Tuesday, May 7th. Societe Generale set a €119.00 ($138.37) target price on Hannover Re and gave the stock a “sell” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $60.00 target price on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. Finally, DZ Bank reiterated a “neutral” rating on shares of Hannover Re in a research note on Monday, June 24th.

Shares of FRA HNR1 traded down €0.20 ($0.23) during trading hours on Friday, reaching €142.50 ($165.70). 102,421 shares of the stock were exchanged. Hannover Re has a 52 week low of €94.75 ($110.17) and a 52 week high of €116.37 ($135.31). The company’s fifty day simple moving average is €140.20.

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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