Markel Corp. PT Raised to $675.00 (MKL)
Research analysts at RBC Capital increased their price objective on shares of Markel Corp. (NYSE:MKL) from $610.00 to $675.00 in a report released on Friday, StockRatingsNetwork reports. RBC Capital’s price objective indicates a potential upside of 5.43% from the company’s current price.
A number of other analysts have also recently weighed in on MKL. Analysts at Zacks downgraded shares of Markel Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, March 14th. They now have a $586.50 price target on the stock.
Markel Corp. (NYSE:MKL) traded down 0.40% during mid-day trading on Friday, hitting $637.65. The stock had a trading volume of 11,272 shares. Markel Corp. has a one year low of $504.55 and a one year high of $647.87. The stock’s 50-day moving average is $610.9 and its 200-day moving average is $571.6. The company has a market cap of $8.918 billion and a P/E ratio of 28.48.
Markel Corp. (NYSE:MKL) last announced its earnings results on Wednesday, May 7th. The company reported $6.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.72 by $0.53. On average, analysts predict that Markel Corp. will post $23.72 earnings per share for the current fiscal year.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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