Do Analysts Think Chubb Limited (CB) Is Still Worth Buying In 2024?

Chubb Limited (NYSE:CB) does about 1.59M shares in volume on a normal day but saw 1235373 shares change hands in Friday trading. The company now has a market cap of 102.53B USD. Its current market price is $252.51, marking a decrease of -0.62% compared to the previous close of $254.08. The 52 week high reached by this stock is $275.41 whilst the lowest price level in 52 weeks is $186.52.

Chubb Limited (CB) has a 20-day trading average at $261.33 and the current price is -8.31% off the 52-week high compared with 35.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $259.04 and its 200-day simple moving average is $239.40. If we look at the stock’s price movements over the week, volatility stands at 1.53%, which decreases to 1.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.75 to suggest the stock is neutral.

The consensus objective for the share price is $271.99, suggesting that the stock has a potential upside of 7.16% over the period.

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BofA Securities upgraded the stock to “Neutral” from Underperform on May 23, 2024 at a price target of $244-$266. HSBC Securities downgraded its price target at $275-$270.

Chubb Limited (CB) stock is down -3.63% over the week and -4.64% over the past month. Its price is 11.73% year-to-date and 32.12% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 7.16 percent from here.

The company has a return on investment of 12.39% and return on equity of 16.35%. The price to earnings ratio (P/E ratio) amounts to 11.21 while the forward price to earnings ratio is 10.72. The beta has a value of 0.67. Price to book ratio is 1.69 and price to sales ratio is 1.98.

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