Willis Group Holdings PLC Upgraded to Outperform by Keefe, Bruyette & Woods (WSH)
Willis Group Holdings PLC (NYSE:WSH) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $49.00 target price on the stock, up from their previous target price of $46.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 16.75% from the stock’s previous close.
Shares of Willis Group Holdings PLC (NYSE:WSH) traded up 0.50% during mid-day trading on Tuesday, hitting $42.18. The stock had a trading volume of 382,120 shares. Willis Group Holdings PLC has a 1-year low of $39.81 and a 1-year high of $47.22. The stock has a 50-day moving average of $41.59 and a 200-day moving average of $42.26. The company has a market cap of $7.546 billion and a price-to-earnings ratio of 22.79.
Willis Group Holdings PLC (NYSE:WSH) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.10. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $924.50 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Willis Group Holdings PLC will post $2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, September 26th.
A number of other analysts have also recently weighed in on WSH. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Willis Group Holdings PLC in a research note on Thursday, August 7th. They now have a $37.00 price target on the stock, down previously from $38.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Willis Group Holdings PLC in a research note on Friday, August 1st. They now have a $43.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Willis Group Holdings PLC in a research note on Wednesday, July 30th. They now have a $45.00 price target on the stock, down previously from $47.00. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.78.
Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance and risk management consulting services to its clients worldwide.
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