XL Group PLC Rating Increased to Overweight at Evercore Partners (XL)
XL Group PLC (NYSE:XL) was upgraded by stock analysts at Evercore Partners from an “equal weight” rating to an “overweight” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on XL. Analysts at Guggenheim initiated coverage on shares of XL Group PLC in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of XL Group PLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 22nd. They now have a $32.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of XL Group PLC from $35.00 to $37.00 in a research note to investors on Wednesday, July 31st. They now have an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. XL Group PLC presently has an average rating of “Buy” and a consensus target price of $34.00.
XL Group PLC (NYSE:XL) traded down 0.16% during mid-day trading on Monday, hitting $31.10. 145,749 shares of the company’s stock traded hands. XL Group PLC has a 52 week low of $23.15 and a 52 week high of $33.12. The stock has a 50-day moving average of $30.63 and a 200-day moving average of $31.08. The company has a market cap of $8.900 billion and a P/E ratio of 10.68.
XL Group PLC (NYSE:XL) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.14. During the same quarter last year, the company posted $0.71 earnings per share.
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company engaged in providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.
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