Validus Holdings (NYSE:VR) target raised to $50.00, reported today by UBS
- Updated: September 23, 2016
In a statement issued on 09/23/2016 UBS bumped up the target of Validus Holdings (NYSE:VR) to $50.00 reporting a potential downside of -0.02%.
Only yesterday Validus Holdings (NYSE:VR) traded -1.14% lower at $50.98. The company’s 50-day moving average is $50.21 and its 200-day moving average is $47.96. With the last stock price close up 5.08% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 182,743 shares of VR changing hands under the typical 388,753
Validus Holdings has PE ratio of 10.74 with a one year low of $41.73 and a one year high of $51.43 and has a market cap of $0.
Also covering Validus Holdings's target, a total of 8 analysts have released a research note on VR. The consensus target price is $48.50 with 0 brokerages rating the stock a strong buy, 4 analysts rating the company a buy, 6 firms rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 firms rating the stock a sell.
Brief Synopsis On Validus Holdings (NYSE:VR)
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space. Talbot is a specialty insurance segment operating within the Lloyd's insurance market through Syndicate 1183. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market. Validus Re operates primarily through approximately two reinsurance companies, including Validus Reinsurance, Ltd. and Validus Reinsurance (Switzerland) Ltd. (Validus Re Swiss). The AlphaCat segment operates through AlphaCat Managers, Ltd. that leverages the Company's underwriting and analytical expertise for third party investors.
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