Analysts Set Chubb Ltd (CB) Target Price at $155.78
Shares of Chubb Ltd (NYSE:CB) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $156.70.
Several equities analysts recently commented on the company. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Wells Fargo & Co restated a “buy” rating and set a $169.00 target price on shares of Chubb in a research report on Wednesday, October 10th. Citigroup reduced their target price on Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Morgan Stanley reduced their target price on Chubb from $166.00 to $153.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Finally, Deutsche Bank boosted their target price on Chubb from $122.00 to $123.00 and gave the stock a “sell” rating in a research report on Tuesday, December 4th.
Shares of NYSE CB traded up $0.73 during mid-day trading on Tuesday, hitting $133.59. The company had a trading volume of 2,240,671 shares, compared to its average volume of 1,792,938. The stock has a market cap of $61.27 billion, a PE ratio....