Barclays has revised its price target for Chubb (CB, Financial), lowering it slightly from $324 to $321, while maintaining an Overweight rating on the stock. This adjustment is part of Barclays' first-quarter earnings preview for the insurance sector. Despite facing challenges in life earnings, Barclays remains optimistic about Chubb's prospects due to its strong group benefits, excess capital, and attractive cash flow valuations.
The financial firm notes that the insurance industry is currently dealing with a period of uncertainty, yet it identifies specific areas of strength within Chubb that may bolster its performance. The analyst's perspective highlights the advantages of Chubb's diversified offerings and financial robustness in navigating the volatile market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Chubb Ltd (CB, Financial) is $303.38 with a high estimate of $335.00 and a low estimate of $245.22. The average target implies an upside of 7.45% from the current price of $282.34. More detailed estimate data can be found on the Chubb Ltd (CB) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Chubb Ltd's (CB, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chubb Ltd (CB, Financial) in one year is $248.12, suggesting a downside of 12.12% from the current price of $282.34. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chubb Ltd (CB) Summary page.
