In a recent update, Wells Fargo analyst Elyse Greenspan announced a revised price target for Chubb (CB, Financial). The new price target is set at $285.00, an increase from the previous target of $278.00. This adjustment represents a 2.52% increase over the prior target.
Despite the upward revision in the target price, Wells Fargo has maintained its current "Equal-Weight" rating for Chubb (CB, Financial). The rating remains unchanged from the previous assessment.
This update from Wells Fargo comes as part of their regular analysis and review of Chubb (CB, Financial), a leading property and casualty insurance company. Investors and stakeholders in Chubb may view this adjustment as a positive signal of the company's potential for growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Chubb Ltd (CB, Financial) is $305.68 with a high estimate of $340.00 and a low estimate of $245.22. The average target implies an upside of 9.46% from the current price of $279.27. More detailed estimate data can be found on the Chubb Ltd (CB) Forecast page.
Based on the consensus recommendation from 23 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 $250.95, suggesting a downside of 10.14% from the current price of $279.27. 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.
