Will the Recent Goldman Sachs Group Inc. Downgrade Hurt Hannover Rueck (ETR:HNR1) Shares This Week?


Hannover Rueck (ETR:HNR1) Receives a Downgrade

Goldman Sachs Group Inc. has downgraded shares of Hannover Rueck (ETR:HNR1) to a “Sell” rating in an analyst note issued to clients and investors on 12 December. The firm now has a EUR 90.00 target price on shares. Goldman Sachs Group Inc.’s target price may imply a possibly downside of -14.45% from the closing share price of the stock.

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 -15.92% below today’s (€104.9) stock price. Hannover Rueck was the topic of 21 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe maintained shares on December 3 with “Hold” 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 decreased 1.96% or EUR 2.1 on December 11, striking EUR 104.9. Approximately 166,831 shares of stock traded hands. Hannover Rueck SE (ETR:HNR1) has risen 26.49% since May 14, 2015 and is uptrending. It has outperformed by 29.50% the S&P500.

 Will the Recent Goldman Sachs Group Inc. Downgrade Hurt Hannover Rueck (ETR:HNR1) Shares This Week?

Hannover Rueck SE is a reinsurance company. The company has a market cap of 12.79 billion EUR. The Firm transacts all lines of property & casualty and life & health reinsurance. It has 11.75 P/E ratio. The firm has a network consists of more than 120 subsidiaries, affiliates, branches and representative offices.