XL Group plc (XL) : Analyst Rating Update

XL Group plc (XL) : Zacks Investment Research ranks XL Group plc (XL) as 5, which is a Strong Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.72, which indicates as a Buy.

XL Group plc (XL) : Currently there are 7 street experts covering XL Group plc (XL) stock. The most bullish and bearish price target for the stock is $43 and $34 respectively for the short term. The average price target of all the analysts comes to $39. The estimated standard deviation from the target is $2.89.

XL Group plc (NYSE:XL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.03 and $31.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.59, notching a gain of 1.18% for the day. The total traded volume was 2,005,114 . The stock had closed at $32.21 on the previous day.

Also, Deutsche Bank upgrades their rating on the shares of XL Group plc (NYSE:XL). The current rating of the shares is Hold. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on May 5, 2016. The company shares have dropped -13.78% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $40.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.24 and the 200 Day Moving Average price is recorded at $35.07.

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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