The Chubb Rating Reiterated by Deutsche Bank (CB)
The Chubb (NYSE:CB)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday. They currently have a $95.00 price target on the stock, up from their previous price target of $94.00. Deutsche Bank’s price objective points to a potential upside of 6.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of The Chubb in a research note on Friday. They now have a $95.00 price target on the stock, down previously from $98.00. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb in a research note on Tuesday, June 10th. They now have a $99.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.67.
The Chubb (NYSE:CB) traded down 3.39% during mid-day trading on Friday, hitting $89.62. The stock had a trading volume of 2,577,872 shares. The Chubb has a 52-week low of $82.80 and a 52-week high of $97.79. The stock’s 50-day moving average is $93.1 and its 200-day moving average is $90.1. The company has a market cap of $21.911 billion and a price-to-earnings ratio of 11.09.
The Chubb (NYSE:CB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.93 by $0.23. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that The Chubb will post $7.34 EPS for the current fiscal year.
The Chubb Corporation (NYSE:CB) is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group).
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