Hannover Re (HVRRY, Financial) has experienced a change in its investment outlook as HSBC shifted its rating from Buy to Hold. Despite this adjustment, the price target remains steady at EUR 290. According to HSBC, the shares already reflect much of the positive developments, limiting the potential for upward earnings revisions. This move highlights the firm's belief that the recent uptick in Hannover Re's valuation captures the anticipated benefits and thus, leaves little room for further growth in earnings projections.
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 31.43% from the current price of $54.10. 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 $428.24, suggesting a upside of 691.57% from the current price of $54.1. 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.
