Zurich Insurance Group (OTCMKTS:ZURVY – Get Rating) had its target price boosted by stock analysts at Morgan Stanley from CHF 530 to CHF 550 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock.
ZURVY has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on Zurich Insurance Group in a research note on Wednesday, April 27th. They set a “neutral” rating for the company. Citigroup raised Zurich Insurance Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 19th. Credit Suisse Group raised their price target on Zurich Insurance Group from CHF 445 to CHF 480 in a research note on Tuesday, March 22nd. Finally, Zacks Investment Research downgraded Zurich Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $361.67.
Shares of ZURVY traded up $0.59 during midday trading on Friday, reaching $45.04. 97,521 shares of the stock were exchanged, compared to its average volume of 111,775. Zurich Insurance Group has a 12-month low of $38.43 and a 12-month high of $49.95. The firm has a 50 day simple moving average of $46.85 and a 200-day simple moving average of $45.59. The company has a quick ratio of 20.75, a current ratio of 20.75 and a debt-to-equity ratio of 0.39.
Zurich Insurance Group Company Profile (Get Rating)
Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.
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