Chubb Corp. PT Raised to $107.00 (CB)
Equities research analysts at Barclays raised their price objective on shares of Chubb Corp. (NYSE:CB) from $105.00 to $107.00 in a research note issued to investors on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 16.05% from the company’s current price.
Chubb Corp. (NYSE:CB) traded down 0.80% on Friday, hitting $92.20. 1,731,047 shares of the company’s stock traded hands. Chubb Corp. has a 52-week low of $73.22 and a 52-week high of $90.64. The stock’s 50-day moving average is $85.40 and its 200-day moving average is $86.58. The company has a market cap of $23.558 billion and a price-to-earnings ratio of 13.21.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.43. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Chubb Corp. will post $7.65 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CB. Analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. in a research note to investors on Friday, October 11th. They now have a $107.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Chubb Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. They now have a $83.00 price target on the stock, down previously from $94.00. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Chubb Corp. currently has an average rating of “Hold” and a consensus target price of $94.29.
The Chubb Corporation (NYSE:CB) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
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