Hannover Re paper was closely analyzed by Jefferies & Company Inc. analyst Philip Kett. Here are the findings noted.
The analysis house Jefferies has raised the price target for Hannover Re from 250 to 260 euros on the occasion of the recently published key data and left the rating at “Buy”. By using a one-off profit in connection with Bermuda’s corporate tax, the reinsurer has now set aside around 2.2 billion euros in emergency reserves, wrote analyst Philip Kett in a study available on Wednesday. That’s more than a whole year’s profit. In his view, management has supported earnings and reduced risks to the outlook.
Trading volume and more: This is how the Hannover Re share is developing at the time of the analysis
At 7:02 p.m., Hannover Re shares jumped in Frankfurt trading and rose by 2.4 percent to EUR 230.50. The share therefore still has an upside potential of 12.80 percent based on the stated price target. So far, 424 Hannover Re shares have been traded in today’s trading. Since the beginning of 2024, the share has gained 7.0 percent. Hannover Re is expected to present the next financial results for Q4 2023 on March 18, 2024.
NEW YORK (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: February 7, 2024 / 10:40 a.m. / ET First distribution of the original study: February 7, 2024 / 10:40 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.
Selected leverage products on Hannover Re
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Hannover Re
The leverage must be between 2 and 20
Advertising