Barclays analyst Ivan Bokhmat has adjusted the firm's price target for Hannover Re (HVRRY, Financial), raising it slightly from EUR 220 to EUR 221. Despite this minor increase in the price target, the analyst continues to maintain an Underweight rating on the shares.
This adjustment reflects a cautious outlook on Hannover Re's stock performance. Investors might interpret this as a signal to manage expectations regarding the company's market growth potential. The unchanged Underweight rating indicates that Barclays foresees limited upside for Hannover Re in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Hannover Rueck SE (HVRRY, Financial) is $37.10 with a high estimate of $37.10 and a low estimate of $37.10. The average target implies an downside of 24.29% from the current price of $49.00. More detailed estimate data can be found on the Hannover Rueck SE (HVRRY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Hannover Rueck SE's (HVRRY, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hannover Rueck SE (HVRRY, Financial) in one year is $411.51, suggesting a upside of 739.82% from the current price of $49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hannover Rueck SE (HVRRY) Summary page.
