Hannover Rueck (ETR:HNR1) Rating Change
In a research report released today, Commerzbank AG downgraded shares of Hannover Rueck (ETR:HNR1) to “Reduce” rating. The firm currently has a EUR 95.00 price target on the stock. Commerzbank AG’s price target gives a potential downside of -7.36 % from the stock’s current price.
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The stock downgrade is probably noticed by stock investors, as ETR:HNR1 is now trading -0.49% lower at EUR 102.55 as of 6:03 PM Frankfurt time. Hannover Rueck’s stock is 0% in the last 200 days. It has underperformed the S&P500 Index, which has added 13.87% in the same time.
Hannover Rueck (ETR:HNR1) Profile
Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company 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.
Hannover Rueck (ETR:HNR1) traded down -0.49% on 21 December, hitting EUR 102.55. A total of 80,942 shares of the company’s stock traded hands. This is down from average of 144,221 shares. Hannover Rueck has a 52 week low of EUR 83.00 and a 52 week high of EUR 108. The company has a market cap of 12.37 billion EUR and a P/E ratio of 10.71.
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The post Hannover Rueck (ETR:HNR1) Lost Its Old Rating for Lowered “Reduce” One. The Stock Has EUR 95.00 Target Price per Share appeared first on Octafinance.
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