Hannover Rueck (FRA:HNR1) has been assigned a €106.00 ($130.86) price objective by research analysts at UBS Group in a research report issued to clients and investors on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 4.16% from the company’s previous close.
HNR1 has been the topic of a number of other research reports. Credit Suisse Group set a €120.00 ($148.15) target price on shares of Hannover Rueck and gave the company a “buy” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. set a €108.00 ($133.33) target price on shares of Hannover Rueck and gave the company a “neutral” rating in a research report on Friday, December 1st. Commerzbank set a €112.00 ($138.27) target price on shares of Hannover Rueck and gave the company a “neutral” rating in a research report on Monday, January 15th. Royal Bank of Canada set a €109.00 ($134.57) target price on shares of Hannover Rueck and gave the company a “neutral” rating in a research report on Monday, November 13th. Finally, DZ Bank reissued a “buy” rating on shares of Hannover Rueck in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €109.85 ($135.61).
Hannover Rueck (FRA:HNR1) traded down €4.30 ($5.31) during midday trading on Tuesday, reaching €110.60 ($136.54). 305,164 shares of the company’s stock were exchanged. The stock has a market cap of $13,830.00 and a P/E ratio of 14.35. Hannover Rueck has a 1-year low of €94.75 ($116.98) and a 1-year high of €116.37 ($143.67).
Hannover Rueck 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, and facultative, as well as credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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