Chubb Limited (CB) stock forecast: Can it reach its 52-week high of $275.41

Chubb Limited [CB] stock prices are up 1.18% to $256.32 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CB shares have gain 0.29% over the last week, with a monthly amount drifted -4.08%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Chubb Limited [NYSE: CB] stock has seen the most recent analyst activity on June 28, 2024, when William Blair downgraded its rating to a Underperform. Previously, BofA Securities upgraded its rating to Neutral on May 23, 2024, and elevated its price target to $266. On April 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $270 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $275 on March 14, 2024. TD Cowen initiated its recommendation with a Market Perform and recommended $254 as its price target on January 10, 2024. Goldman downgraded its rating to Neutral for this stock on January 08, 2024, but kept the price target unchanged to $222. In a note dated December 28, 2023, HSBC Securities initiated an Buy rating and provided a target price of $263 on this stock.

The stock price of Chubb Limited [CB] has been fluctuating between $186.52 and $275.41 over the past year. Currently, Wall Street analysts expect the stock to reach $239.93 within the next 12 months. Chubb Limited [NYSE: CB] shares were valued at $256.32 at the most recent close of the market. An investor can expect a potential drop of -6.39% based on the average CB price forecast.

Analyzing the CB fundamentals

The Chubb Limited [NYSE:CB] reported sales of 51.73B for trailing twelve months, representing a surge of 15.57%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 254.33 points at the first support level, and at 252.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 257.41, and for the 2nd resistance point, it is at 258.50.

Ratios To Look Out For

It’s worth pointing out that Chubb Limited [NYSE:CB]’s Current Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 11.38.

Transactions by insiders

Recent insider trading involved Enns Peter C., Executive Vice President and*, that happened on Jun 20 ’24 when 8200.0 shares were sold. Executive Vice President*, Ortega Juan Luis completed a deal on Jun 06 ’24 to sell 2400.0 shares. Meanwhile, Director ATIEH MICHAEL G sold 716.0 shares on May 17 ’24.

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