Hannover Rueck (ETR:HNR1) Rating Reaffirmed
Bankhaus Lampe KG now has a EUR 95.00 target PPS on shares of Hannover Rueck (ETR:HNR1). The target PPS suggests a potential downside of -14.72% from the stock close price of Hannover Rueck (ETR:HNR1). This rating was released in analysts note on Thursday, 3 December.
From a total of 14 analysts covering Hannover Rueck (ETR:HNR1) stock, 1 rate it a ”Buy”, 8 a “Sell”, and 5 a ”Hold”. This means that 7% of the ratings are positive. The highest target price is €115 while the lowest target price is €74. The mean of all analyst targets is €88.20 with a -20.90% below today’s (€111.5) stock price. Hannover Rueck was the topic of 20 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley downgraded shares on November 20 to “Underweight” rating. Commerzbank downgraded shares to “Reduce” rating and €80 target share price in a report from an October 10. HSBC upgraded HNR1 stock in a recent report from October 27 to “Buy” rating. BNP Paribas downgraded the rating on October 7. BNP Paribas has a “Underperform” rating and a €94 price target on shares. Finally, DZ-Bank AG maintained the stock with “Neutral” rating in a report issued on an October 16.
The stock increased 0.22% or EUR 0.25 on December 2, striking EUR 111.5. Approximately 161,629 shares of stock traded hands. Hannover Rueck SE (ETR:HNR1) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.
Hannover Rueck SE is a reinsurance company. The company has a market cap of 13.45 billion EUR. The Firm transacts all lines of property & casualty and life & health reinsurance. It has 12.49 P/E ratio. The firm has a network consists of more than 120 subsidiaries, affiliates, branches and representative offices.