Hannover Re (FRA:HNR1) Given “Sell” Rating at DZ Bank

DZ Bank reiterated their sell rating on shares of Hannover Re (FRA:HNR1) in a research note released on Thursday, Borsen Zeitung reports.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. set a €130.00 ($151.16) price target on Hannover Re and gave the company a neutral rating in a report on Friday, July 19th. UBS Group set a €135.00 ($156.98) price objective on Hannover Re and gave the stock a neutral rating in a report on Friday, August 30th. Barclays restated a sell rating on shares of Hannover Re in a report on Wednesday, September 11th. Deutsche Bank set a €122.00 ($141.86) price objective on Hannover Re and gave the stock a neutral rating in a report on Friday, August 9th. Finally, Goldman Sachs Group set a €120.00 ($139.53) price objective on Hannover Re and gave the stock a sell rating in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has an average rating of Hold and an average target price of €124.16 ($144.37).

Shares of HNR1 opened at €151.20 ($175.81) on Thursday. The stock has a fifty day moving average of €144.77 and a two-hundred day moving average of €137.57. Hannover Re has a fifty-two week low of €94.75 ($110.17) and a fifty-two week 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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