Canaccord Genuity Increases Catlin Group Limited Price Target to GBX 560 (CGL)
Analysts at Canaccord Genuity boosted their price objective on shares of Catlin Group Limited (LON:CGL) from GBX 555 ($9.31) to GBX 560 ($9.39) in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 9.92% from the stock’s previous close.
Shares of Catlin Group Limited (LON:CGL) traded up 1.47% during mid-day trading on Monday, hitting GBX 514.46. The stock had a trading volume of 2,114,334 shares. Catlin Group Limited has a 52-week low of GBX 458.90 and a 52-week high of GBX 591.00. The stock has a 50-day moving average of GBX 527.5 and a 200-day moving average of GBX 527.5. The company’s market cap is £1.841 billion.
The company also recently announced a dividend, which is scheduled for Monday, September 22nd. Shareholders of record on Wednesday, August 20th will be paid a dividend of GBX 10.50 ($0.18) per share. This represents a dividend yield of 2.06%. The ex-dividend date is Wednesday, August 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Catlin Group Limited in a research note on Friday. They now have a GBX 527 ($8.84) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Catlin Group Limited in a research note on Friday. They now have a GBX 610 ($10.23) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Catlin Group Limited in a research note on Friday. They now have a GBX 580 ($9.73) price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 559.87 ($9.39).
Catlin Group Limited (LON:CGL) is a holding company.
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