Investment analysts at Kepler Capital Markets initiated coverage on shares of Hannover Rueckversicherung AG (NASDAQ:HVRRY) in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm set a “reduce” rating on the stock.
Shares of Hannover Rueckversicherung AG (NASDAQ:HVRRY) opened at 44.95 on Tuesday. Hannover Rueckversicherung AG has a 1-year low of $34.35 and a 1-year high of $47.22. The stock has a 50-day moving average of $45.00 and a 200-day moving average of $42.32. The company has a market cap of $10.842 billion and a price-to-earnings ratio of 8.74.
Separately, analysts at Bank of America downgraded shares of Hannover Rueckversicherung AG from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.
Hannover Rueckversicherung AG is a Germany-based global reinsurance Company. The Company operates through two business groups: Non-Life Reinsurance and Life and Health Reinsurance.
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