Reinsurance Group of America Price Target Raised to $88.00 at Barclays (RGA)
Analysts at Barclays raised their price target on shares of Reinsurance Group of America (NYSE:RGA) from $80.00 to $88.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 15.76% from the company’s current price.
Reinsurance Group of America (NYSE:RGA) traded up 1.45% during mid-day trading on Tuesday, hitting $77.12. 154,705 shares of the company’s stock traded hands. Reinsurance Group of America has a 1-year low of $54.39 and a 1-year high of $77.55. The stock’s 50-day moving average is $75.26 and its 200-day moving average is $70.14. The company has a market cap of $5.444 billion and a P/E ratio of 11.21.
Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Tuesday, October 29th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.09. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, analysts predict that Reinsurance Group of America will post $4.73 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Reinsurance Group of America from $80.00 to $85.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Reinsurance Group of America currently has a consensus rating of “Hold” and an average target price of $77.83.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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