RBC Capital Increases XL Group plc Price Target to $39.00 (XL)
Investment analysts at RBC Capital raised their price target on shares of XL Group plc (NYSE:XL) from $36.00 to $39.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 18.15% from the company’s current price.
XL has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of XL Group plc from $35.00 to $37.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of XL Group plc in a research note on Tuesday, June 17th. They now have a $30.00 price target on the stock, up previously from $28.00. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of XL Group plc in a research note on Thursday, June 12th. They now have a $39.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. XL Group plc currently has a consensus rating of “Hold” and a consensus target price of $35.17.
Shares of XL Group plc (NYSE:XL) traded up 2.42% on Tuesday, hitting $33.81. The stock had a trading volume of 2,732,321 shares. XL Group plc has a 52 week low of $27.79 and a 52 week high of $34.38. The stock has a 50-day moving average of $33.1 and a 200-day moving average of $31.33. The company has a market cap of $9.179 billion and a P/E ratio of 9.83.
XL Group plc (NYSE:XL) last released its earnings data on Monday, July 28th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.19. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that XL Group plc will post $3.03 earnings per share for the current fiscal year.
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company engaged in providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.
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