Chubb Corporation (The) (CB) Receives Price Target

Chubb Corporation (The) (CB) : The highest short term price target forecast on Chubb Corporation (The) (CB) is $141 and the lowest target price is $126. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $133.8 with a standard deviation of $5.25.

Chubb Corporation (The) (CB) has an average broker rating of 1.79, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Equity Analysts at the Morgan Stanley maintains the rating on Chubb Corporation (The) (NYSE:CB). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $136 per share to $140 per share. The rating by the firm was issued on July 28, 2016.

Chubb Corporation (The) (NYSE:CB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $126.96 and $125.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $127.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.10, notching a gain of 0.13% for the day. The total traded volume was 1,219,630 . The stock had closed at $126.93 on the previous day.

The Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The property and casualty insurance subsidiaries (the P&C Group) underwrite insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, offers personal insurance products for homes and valuable articles (such as art and jewelry) for high net worth individuals; Chubb Commercial Insurance, offers multiple peril, primary liability, excess and umbrella liability, automobile, workers compensation and property and marine insurance, and Chubb Specialty Insurance, offers specialized professional liability products for privately held and publicly traded companies, financial institutions, professional firms, healthcare and not-for-profit organizations.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.