XL Group plc Price Target Increased to $32.00 by Analysts at Deutsche Bank (XL)
Stock analysts at Deutsche Bank increased their price target on shares of XL Group plc (NYSE:XL) from $26.00 to $32.00 in a report issued on Tuesday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 4.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of XL Group plc from $36.00 to $39.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.36.
Shares of XL Group plc (NYSE:XL) traded up 1.48% on Tuesday, hitting $33.50. 4,843,677 shares of the company’s stock traded hands. XL Group plc has a 52-week low of $27.79 and a 52-week high of $34.38. The stock’s 50-day moving average is $33.1 and its 200-day moving average is $31.33. The company has a market cap of $9.095 billion and a P/E ratio of 9.83.
XL Group plc (NYSE:XL) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that XL Group plc will post $3.03 EPS 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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