Montpelier Re Holdings Rating Reiterated by Deutsche Bank (MRH)
Montpelier Re Holdings (NYSE:MRH)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. They currently have a $38.00 price target on the stock, up from their previous price target of $37.00. Deutsche Bank’s price target suggests a potential upside of 20.67% from the company’s current price.
In other Montpelier Re Holdings news, Director Susan Sutherland purchased 2,700 shares of the stock on the open market in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $26.96 per share, with a total value of $72,792.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $161,760. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Montpelier Re Holdings (NYSE:MRH) traded up 0.32% during mid-day trading on Tuesday, hitting $31.59. 102,117 shares of the company’s stock traded hands. Montpelier Re Holdings has a 1-year low of $23.91 and a 1-year high of $31.79. The stock has a 50-day moving average of $30.29 and a 200-day moving average of $28.76. The company has a market cap of $1.485 billion and a P/E ratio of 8.54.
Montpelier Re Holdings (NYSE:MRH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.62. On average, analysts predict that Montpelier Re Holdings will post $3.54 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Montpelier Re Holdings from $30.50 to $32.50 in a research note on Friday, May 2nd. Analysts at Zacks reiterated an “outperform” rating on shares of Montpelier Re Holdings in a research note on Tuesday, April 1st. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.88.
Montpelier Re Holdings Ltd. through its subsidiaries in Bermuda, the United States, the United Kingdom and Switzerland, provides customized and insurance and reinsurance solutions to the global market.
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