Shares of W. R. Berkley Corp (NYSE:WRB) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $74.75.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of W. R. Berkley from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. Morgan Stanley decreased their target price on shares of W. R. Berkley from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, January 3rd.
NYSE WRB traded up $0.89 on Wednesday, hitting $81.51. The stock had a trading volume of 275,388 shares, compared to its average volume of 355,163. W. R. Berkley has a one year low of $67.39 and a one year high of $81.61. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75.
About W. R. Berkley
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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