Hannover Re : Helped by a technical support level
Entry price | Target | Stop-loss | Potential |
---|
€191.05 |
€205 |
€185 |
+7.3% |
---|
The selling pressure regarding Hannover Re shares could subside shortly. In fact, the support area that is currently being tested around 186.9 EUR has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● With regards to fundamentals, the enterprise value to sales ratio is at 0.81 for the current period. Therefore, the company is undervalued.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● 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.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● Over the past twelve months, analysts' consensus has been significantly revised downwards.
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