Everest Re Group PT Raised to $174.00 (RE)
Stock analysts at Barclays raised their price objective on shares of Everest Re Group (NYSE:RE) from $168.00 to $174.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 15.51% from the company’s current price.
Everest Re Group (NYSE:RE) last released its earnings data on Thursday, October 24th. The company reported $4.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $4.76 by $0.56. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.05 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis.
RE has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Everest Re Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 16th. They now have a $157.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Everest Re Group from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Deutsche Bank downgraded shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 2nd. They now have a $167.00 price target on the stock, up previously from $163.00. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and a consensus price target of $164.75.
Everest Re Group, Ltd. through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets.
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