Brokerage Firm Rating Update on XL Group plc (XL)

XL Group plc (XL) has an average broker rating of 1.69, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 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 3, which is also a Hold.

XL Group plc (XL) : The highest level XL Group plc (XL) is projected to reach is $44 for the short term and the lowest estimate is at $37. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $39.43 and the possibility the share price can swing is $2.64.


For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Macquarie maintains its ratings on XL Group plc (NYSE:XL). In the latest research report, Macquarie raises the target price from $38 per share to $40 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on August 29, 2016.

XL Group plc (NYSE:XL): The stock opened at $35.09 and touched an intraday high of $35.43 on Wednesday. During the day, the stock corrected to an intraday low of $34.95, however, the bulls stepped in and pushed the price higher to close in the green at $35.42 with a gain of 0.65% for the day. The total traded volume for the day was 1,440,038. The stock had closed at $35.19 in the previous trading session.

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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