XL Group plc (XL) Receives Price Target

XL Group plc (XL) : The highest short term price target forecast on XL Group plc (XL) is $44 and the lowest target price is $37. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $39.43 with a standard deviation of $2.64.

XL Group plc (XL) : 4 brokerage houses believe that XL Group plc (XL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on XL Group plc (XL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.69.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of XL Group plc (NYSE:XL). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $37 per share from a prior target of $34. The rating by the firm was issued on July 28, 2016.

XL Group plc (NYSE:XL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.25 and $34.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.33, notching a gain of 0.29% for the day. The total traded volume was 2,021,226 . The stock had closed at $34.23 on the previous day.

XL Group plc, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. The Company is organized into two operating segments: Insurance and Reinsurance. The Companys insurance operations are organized into four business groups: International Property and Casualty, North America Property and Casualty, Global Professional Lines and Global Specialty Lines. Its insurance operations provide customized insurance policies for complex corporate risks that may require large limits and are marketed and distributed through a wide variety of local, national and international producers. The Companys reinsurance operations are structured geographically into business groups: Bermuda, North America and International (Europe, Asia Pacific, Latin America and Middle East North Africa (MENA)).

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