Goldman Sachs Group Reiterates €120.00 Price Target for Hannover Re (FRA:HNR1)
Goldman Sachs Group set a €120.00 ($139.53) price target on Hannover Re (FRA:HNR1) in a report published on Friday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other research firms also recently commented on HNR1. Barclays reaffirmed an underweight rating and issued a GBX 600 ($7.84) price objective on shares of in a report on Monday, July 8th. UBS Group raised shares of to a neutral rating and raised their price objective for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th. JPMorgan Chase & Co. reaffirmed a sell rating and issued a $60.00 price objective on shares of Bayerische Motoren Werke in a report on Tuesday, May 7th. Independent Research set a €85.00 ($98.84) price objective on shares of Henkel AG & Co KGaA and gave the stock a sell rating in a report on Tuesday, May 7th. Finally, Jefferies Financial Group started coverage on shares of in a report on Wednesday, July 3rd. They issued an underperform rating for the company. Five equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of €120.66 ($140.30).
HNR1 opened at €142.50 ($165.70) on Friday. The business has a 50 day simple moving average of €140.20. Hannover Re has a 12 month low of €94.75 ($110.17) and a 12 month high of €116.37 ($135.31).
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.
Further Reading: The primary rules of Elliott Wave theory
Receive News & Ratings for Hannover Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannover Re and related companies with MarketBeat.com's FREE daily email newsletter.