Markel (NYSE:MKL) Price Target Raised to $925.00
Markel (NYSE:MKL) had its price target raised by Deutsche Bank from $895.00 to $925.00 in a research report report published on Thursday morning, The Fly reports. Deutsche Bank currently has a hold rating on the insurance provider’s stock.
Several other brokerages also recently issued reports on MKL. Royal Bank of Canada reissued a buy rating and set a $1,250.00 target price on shares of Markel in a research note on Thursday, April 30th. Boenning Scattergood reissued an outperform rating on shares of Markel in a research note on Tuesday, July 21st. Zacks Investment Research downgraded shares of Markel from a hold rating to a sell rating and set a $969.00 price objective on the stock. in a research report on Wednesday, July 1st. Finally, SunTrust Banks restated a hold rating on shares of Markel in a report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $1,048.50.
Shares of MKL stock traded down $0.83 during trading hours on Thursday, reaching $1,044.54. 55,440 shares of the stock traded hands, compared to its average volume of 46,324. The business has a fifty day moving average price of $937.93 and a 200 day moving average price of $1,010.26. Markel has a 1-year low of $710.52 and a 1-year high of $1,347.64. The company has a quick ratio of 0.60, a current ratio of 0.68 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $14.39 billion, a PE ratio of 68.00 and a beta of 0.65.
Markel Company Profile
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.
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