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Blue Capital Reinsurance Holdings Ltd (NASDAQ:BCRH) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a $16.40 price target on the stock. Zacks‘ target price would suggest a potential downside of 5.53% from the company’s current price.

Blue Capital Reinsurance Holdings Ltd (NASDAQ:BCRH) traded up 0.58% during mid-day trading on Monday, hitting $17.36. 29,084 shares of the company’s stock traded hands. Blue Capital Reinsurance Holdings Ltd has a 52-week low of $16.46 and a 52-week high of $21.02. The stock has a 50-day moving average of $17.62 and a 200-day moving average of $18.05.

A number of other analysts have also recently weighed in on BCRH. Analysts at Raymond James initiated coverage on shares of Blue Capital Reinsurance Holdings Ltd in a research note to investors on Friday, December 13th. They set an “outperform” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of Blue Capital Reinsurance Holdings Ltd in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Blue Capital Reinsurance Holdings Ltd in a research note to investors on Monday, December 2nd. They set an “equal weight” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Blue Capital Reinsurance Holdings Ltd currently has an average rating of “Hold” and an average price target of $18.98.

Blue Capital Reinsurance Holdings Ltd is a reinsurance holding company. The Company focuses to offer collateralized reinsurance in the property catastrophe market.

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