Deutsche Bank Reiterates Sell Rating for Willis Group Holdings PLC (WSH)
Willis Group Holdings PLC (NYSE:WSH)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $38.00 target price on the stock. Deutsche Bank’s target price points to a potential downside of 12.52% from the company’s current price.
Shares of Willis Group Holdings PLC (NYSE:WSH) traded down 1.21% on Wednesday, hitting $43.44. The stock had a trading volume of 607,760 shares. Willis Group Holdings PLC has a 1-year low of $40.10 and a 1-year high of $47.22. The stock has a 50-day moving average of $42.56 and a 200-day moving average of $42.87. The company has a market cap of $7.787 billion and a P/E ratio of 20.22.
Willis Group Holdings PLC (NYSE:WSH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $1.17. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Willis Group Holdings PLC will post $2.67 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Willis Group Holdings PLC in a research note on Wednesday, April 30th. They now have a $45.00 price target on the stock. Finally, analysts at Sterne Agee upgraded shares of Willis Group Holdings PLC from an “underperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $46.00 price target on the stock, up previously from $42.00. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.56.
Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance and risk management consulting services to its clients worldwide.
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