Reinsurance Group of America PT Raised to $85.00 (RGA)
Investment analysts at UBS AG upped their price objective on shares of Reinsurance Group of America (NYSE:RGA) from $80.00 to $85.00 in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would indicate a potential upside of 12.29% from the stock’s previous close.
Reinsurance Group of America (NYSE:RGA) traded up 0.22% during mid-day trading on Monday, hitting $75.87. 63,564 shares of the company’s stock traded hands. Reinsurance Group of America has a one year low of $54.39 and a one year high of $77.55. The stock has a 50-day moving average of $75.16 and a 200-day moving average of $70.03. The company has a market cap of $5.355 billion and a P/E ratio of 11.16.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.84 by $0.09. During the same quarter last year, the company posted $1.95 earnings per share. Analysts expect that Reinsurance Group of America will post $4.73 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Reinsurance Group of America from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $79.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Reinsurance Group of America from $71.00 to $80.00 in a research note to investors on Tuesday, October 29th. They now have an “overweight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of Reinsurance Group of America from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.50.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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