Hannover Re (FRA:HNR1) Earns Sell Rating from DZ Bank

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

Other research analysts also recently issued reports about the stock. Royal Bank of Canada set a €150.00 ($174.42) price objective on shares of Hannover Re and gave the company a neutral rating in a research report on Wednesday. Goldman Sachs Group set a €120.00 ($139.53) price objective on shares of Hannover Re and gave the company a sell rating in a research report on Wednesday. JPMorgan Chase & Co. set a €133.00 ($154.65) price objective on shares of Hannover Re and gave the company a sell rating in a research report on Wednesday. Barclays set a €123.10 ($143.14) price objective on shares of Hannover Re and gave the company a sell rating in a research report on Wednesday. Finally, Jefferies Financial Group set a €140.00 ($162.79) price objective on shares of Hannover Re and gave the company a neutral rating in a research report on Wednesday, August 14th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €132.86 ($154.49).

Shares of HNR1 opened at €165.70 ($192.67) on Wednesday. The company’s 50 day moving average price is €156.73 and its 200 day moving average price is €144.87. Hannover Re has a 52 week low of €94.75 ($110.17) and a 52 week high of €116.37 ($135.31).

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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