Analyst Price Target Update on Marsh & McLennan Companies (NYSE:MMC)

Marsh & McLennan Companies (NYSE:MMC): According to 9 Analysts, The short term target price has been estimated at $ 65.11.The target price could deviate by a maximum of $2.85 from the forecast price. In the near term, the target price could hit a high of $71 and a low of $ 61.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Marsh & McLennan Companies (NYSE:MMC). The rating major has initiated the coverage with conviction buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $59 per share to $66 per share. The rating by the firm was issued on March 4, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Marques Maria Silvia Bastos, director of Marsh & Mclennan Companies, Inc., had unloaded 001 shares at an average price of $66.17 in a transaction dated on June 1, 2016. The total value of the transaction was worth $066.

Marsh & McLennan Companies (NYSE:MMC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.54 points or 0.81% at $65.81 with 1,675,616 shares getting traded. Post opening the session at $66.26, the shares hit an intraday low of $65.77 and an intraday high of $66.49 and the price was in this range throughout the day. The company has a market cap of $34,302 million and the number of outstanding shares have been calculated to be 521,233,100 shares. The 52-week high of Marsh & McLennan Companies (NYSE:MMC) is $66.84 and the 52-week low is $50.81.

Marsh and McLennan Companies, Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer, provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments, and Oliver Wyman Group, provides specialized management and economic and brand consulting services.

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