RBC Capital analyst Derald Goh maintained a Buy rating on Hannover Rueck (0M9A – Research Report) today and set a price target of €297.00. The company’s shares closed yesterday at €261.80.
According to TipRanks, Goh is ranked #710 out of 9293 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hannover Rueck with a €280.09 average price target, representing a 6.99% upside. In a report released yesterday, HSBC also upgraded the stock to a Buy with a €280.00 price target.
Based on Hannover Rueck’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €8.54 billion and a net profit of €536.14 million. In comparison, last year the company earned a revenue of €7.1 billion and had a net profit of €375.42 million
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Hannover Rueck (0M9A) Company Description:
Hannover Re is the third-largest reinsurer globally with a high weighting to specialist lines and runs a low-operating-cost model.
