Hannover Re (FRA:HNR1) PT Set at €133.00 by JPMorgan Chase & Co.

Hannover Re (FRA:HNR1) received a €133.00 ($154.65) target price from investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 23.69% from the company’s current price.

A number of other brokerages also recently commented on HNR1. Royal Bank of Canada set a €150.00 ($174.42) price target on shares of Hannover Re and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Barclays set a €133.40 ($155.12) price target on shares of Hannover Re and gave the stock a “sell” rating in a report on Friday, January 10th. Deutsche Bank set a €145.00 ($168.60) price target on shares of Hannover Re and gave the stock a “neutral” rating in a report on Monday, January 6th. Nord/LB set a €155.00 ($180.23) price target on shares of Hannover Re and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group set a €150.00 ($174.42) price target on shares of Hannover Re and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Hannover Re has an average rating of “Hold” and a consensus price target of €137.57 ($159.96).

FRA:HNR1 opened at €174.30 ($202.67) on Tuesday. Hannover Re has a twelve month low of €94.75 ($110.17) and a twelve month high of €116.37 ($135.31). The firm has a 50-day moving average price of €171.96 and a two-hundred day moving average price of €156.46.

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.

Read More: Diversification

Analyst Recommendations for Hannover Re (FRA:HNR1)

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