UBS AG has raised its target price for Hannover Re shares from 238 to 267 euros while maintaining a "neutral" rating ahead of the third-quarter results. The share price increased by 0.7% to EUR 257.10, indicating a potential upside of 3.85%. The Q3 2024 results are set to be released on November 11, 2024.
UBS AG has raised its price target for Munich Reinsurance Company shares from 525 to 565 euros, maintaining a "buy" rating. Analyst Will Hardcastle highlighted the stock as a top pick among European reinsurers, noting that the sector's natural catastrophe budgets are nearly exhausted for Q3, with improvements expected in rate statements. As of midday trading, shares fell 0.4% to EUR 502.60, still showing a potential rise of 12.42%.
UBS AG has raised its price target for Hannover Re from EUR 238 to EUR 267 while maintaining a "Neutral" rating. The share price rose by 0.7% to EUR 257.10, indicating an upside potential of 3.85%. Hannover Re is set to release its Q3 2024 figures on November 11, 2024.
UBS has increased its price target for Hannover Re from 238 to 267 euros while maintaining a "Neutral" rating ahead of the third-quarter results. Analyst Will Hardcastle noted that the sector's natural catastrophe budgets were largely depleted, with Hurricane Milton impacting fourth-quarter results, though improvements in tariffs are expected. Munich Re remains Hardcastle's preferred choice among European reinsurers.
UBS has increased its price target for Munich Re from 525 to 565 euros, maintaining a "buy" rating ahead of the third quarter results. Analyst Will Hardcastle highlighted the company as a top pick among European reinsurers, noting that the sector's natural catastrophe budgets are nearly exhausted, with Hurricane Milton's impact expected in the fourth quarter. Improvements in tariff statements are anticipated.
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