Hannover Re : After the gains, a correction ?
Entry price | Target | Stop-loss | Potential |
---|
€101.05 |
€96.16 |
€102 |
+4.84% |
---|
Hannover Rueck SE shares could experience selling pressure following the strong increase in its stock price. Over the short term, the stock in fact displays first signs of exhaustion.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The group usually releases upbeat results with huge surprise rates.
● With a P/E ratio at 11.74 for the current year and 11.84 for next year, earnings multiples are highly attractive compared with competitors.
● This company will be of major interest to investors in search of a high dividend stock.
Weaknesses● Technically, the stock approaches a strong medium-term resistance at EUR 101.35.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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