Catlin Group Limited Given Consensus Recommendation of “Hold” by Analysts (LON:CGL)
Catlin Group Limited (LON:CGL) has earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, AR Network reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 560.80 ($9.41).
Shares of Catlin Group Limited (LON:CGL) opened at 514.91 on Wednesday. Catlin Group Limited has a 52-week low of GBX 458.90 and a 52-week high of GBX 591.00. The stock’s 50-day moving average is GBX 525.6 and its 200-day moving average is GBX 527.2. The company’s market cap is £1.850 billion.
The company also recently announced a dividend, which is scheduled for Monday, September 22nd. Stockholders 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.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Catlin Group Limited from GBX 564 ($9.46) to GBX 546 ($9.16) in a research note on Monday, August 11th. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Catlin Group Limited from GBX 555 ($9.31) to GBX 560 ($9.39) in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Catlin Group Limited in a research note on Friday, August 8th. They now have a GBX 527 ($8.84) price target on the stock.
Catlin Group Limited (LON:CGL) is a holding company.
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