Hannover - Hannover Re new price target

The analysts expect strong third quarter figures from Hannover Re. In spite of an impressive share price development since June, the mild hurricane season induced the analysts to raise their price target on the group's stock from EUR 31 to EUR 34.80.

Frankfurt (aktiencheck.de AG) - Thilo Gorlt, analyst of BHF-BANK, continues to rate the shares of Hannover Re (ISIN DE0008402215/ WKN 840221) as "buy".

The analysts expect strong third quarter figures from Hannover Re. In spite of an impressive share price development since June, the mild hurricane season induced the analysts to raise their price target on the group's stock from EUR 31 to EUR 34.80.

However, the absence of strong storms might exert pressure on conditions during the upcoming renewals. Owing to Hannover Re's conservative reserves policy, the analysts anticipate a high combined ratio for the non-life business. Supported by further small takeovers, solid premium income growth might be achieved in the life and health reinsurance segments.

The analysts of BHF-BANK reiterate their "buy" rating on the shares of Hannover Re. (Analysis of October 14, 2009) (14.10.2009/ac/a/d)

Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.