Hannover Re : The stock needs a breather
Entry price | Target | Stop-loss | Potential |
---|
€107 |
€101 |
€111 |
+5.61% |
---|
Shares in Hannover Rueck SE have recently experienced substantial gains. This suggests that the timing is opportune to lock in gains prior to a likely technical correction.
Summary● The company usually posts poor financials for mid or long term investments.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Historically, the company has been releasing figures that are above expectations.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 12.38 for the current year.
● This company will be of major interest to investors in search of a high dividend stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 97.81 EUR
Weaknesses● Technically, the stock approaches a strong medium-term resistance at EUR 107.25.
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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