Ratings Don’t Lie: Time To Buy Hannover Rueck (ETR:HNR1), Kepler Cheuvreux Upgrades It

November 30, 2016 - By Michael Collier

Ratings Don't Lie:  Time To Buy Hannover Rueck (ETR:HNR1), Kepler Cheuvreux Upgrades It

Hannover Rueck (ETR:HNR1) Upgrade

Hannover Rueck (ETR:HNR1) was upgraded by Kepler Cheuvreux to a “Buy” rating in a a report released on Wednesday morning. The firm now has EUR 122.00 target price per share on the stock. Kepler Cheuvreux’s target is 22.02% from HNR1’s last price.

Hannover Rueck SE (ETR:HNR1) Ratings Coverage

Out of 22 analysts covering Hannover Rueck (ETR:HNR1), 5 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 23% are positive. €122 is the highest target while €74 is the lowest. The €97.53 average target is -2.76% below today’s (€100.3) stock price. Hannover Rueck has been the topic of 84 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 3 by Bankhaus Lampe. Landesbank upgraded Hannover Rueck SE (ETR:HNR1) rating on Saturday, August 6. Landesbank has “Buy” rating and €100 price target. Kepler Cheuvreux maintained it with “Hold” rating and €86 target price in Wednesday, September 16 report. Societe Generale maintained Hannover Rueck SE (ETR:HNR1) on Thursday, March 31 with “Hold” rating. Kepler Cheuvreux upgraded it to “Buy” rating and €122 target price in Wednesday, November 30 report. The stock has “Hold” rating given by Jefferies on Saturday, October 22. Bankhaus Lampe maintained the stock with “Hold” rating in Friday, March 11 report. The rating was maintained by DZ BANK with “Hold” on Friday, August 5. The company was maintained on Tuesday, March 15 by Landesbank. The rating was maintained by Goldman Sachs on Saturday, July 9 with “Neutral”.

About 26,701 shares traded hands. Hannover Rueck SE (ETR:HNR1) has risen 14.59% since May 3, 2016 and is uptrending. It has outperformed by 9.36% the S&P500.

Hannover Rueck SE is a reinsurance company. The company has a market cap of 12.10 billion EUR. The Firm operates through two divisions: Property & Casualty reinsurance and Life & Health reinsurance. It has a 10.48 P/E ratio. The Firm under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.

Another recent and important Hannover Rueck SE (ETR:HNR1) news was published by Businesswire.com which published an article titled: “A.M. Best Affirms Credit Ratings of Hannover Rueck SE and Its Main Subsidiaries” on September 30, 2016.

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