Hannover Re share: The cops will be happy to hear that! ()

The Hannover Re exchange rate was set at 184.25 EUR on March 4th, 2023, 1:00 a.m. on the Xetra home exchange. The paper belongs to the “Reinsurance” segment.

Our analysts rated Hannover Re based on 7 criteria. Each criterion defines a “buy”, “hold” or “sell” assessment. The overall assessment results from the individual results of this analysis.

1. Industry comparison share price: Hannover Re achieved a performance of 8.73 percent in the past 12 months. Similar stocks from the “Insurance” industry are up an average of 6.53 percent, which means a +2.2 percent industry outperformance for Hannover Re. The “financial” sector had a median return of 494.49 percent over the past year. Hannover Re was 485.76 percent below this average. The similar return versus sector and underperformance versus sector leads to a “hold” rating in this category.

2. Technical analysis: If you compare the moving average of the closing price of Hannover Re shares over the last 200 trading days (GD200) of EUR 162.04 with the current price (EUR 184.25), the deviation is +13.71 percent . The share thus receives a “buy” rating from a technical point of view for the GD200. Let’s look at the moving average of the closing price over the last 50 trading days (GD50). For this value (EUR 184.19), the last closing price is close to the moving average (+0.03 percent). In this case, the Hannover Re share is therefore rated differently, namely a “hold” rating. Overall, the company receives a “buy” rating for the simple chart technique.

3. Fundamental: The P/E (price-earnings ratio) is currently 15.77 and at 11 percent is below the industry average (industry: insurance) of 17.75. From today’s perspective, the share is therefore undervalued. Hannover Re therefore receives a “buy” rating at this level.