Third Point Reinsurance Ltd Reaches New 12-Month High at $15.21 (TPRE)
Third Point Reinsurance Ltd (NASDAQ:TPRE) set a new 52-week high during trading hours on Monday, AnalystRatings.NET reports. The company traded as high as $15.21 and last traded at $15.19, with a volume of 210,305 shares. The stock had previously closed at $15.03.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch initiated coverage on shares of Third Point Reinsurance Ltd in a research note to investors on Monday, September 16th. They set a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Third Point Reinsurance Ltd in a research note to investors on Monday, September 9th. They set a “market perform” rating and a $14.50 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Third Point Reinsurance Ltd in a research note to investors on Monday, September 9th. They set an “overweight” rating and a $12.88 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Third Point Reinsurance Ltd currently has a consensus rating of “Buy” and a consensus price target of $14.85.
Third Point Reinsurance Ltd has a 52 week low of $12.25 and a 52 week high of $15.08. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $13.75. The company has a market cap of $1.528 billion and a price-to-earnings ratio of 6.87.
Third Point Reinsurance Ltd. (NASDAQ:TPRE) is a property and casualty reinsurance company.
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