Marsh (NYSE:MRSH) Receives “Sector Perform” Rating from Royal Bank Of Canada

Marsh (NYSE:MRSH)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Friday,Benzinga reports. They currently have a $200.00 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 6.95% from the stock’s previous close.

MRSH has been the topic of several other reports. Morgan Stanley raised their target price on shares of Marsh from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Marsh from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $199.33.

Marsh Trading Down 0.5%

Shares of NYSE MRSH traded down $0.92 during trading on Friday, reaching $187.00. The company had a trading volume of 801,274 shares, compared to its average volume of 2,666,008. The company has a market cap of $91.61 billion, a PE ratio of 22.18 and a beta of 0.76. Marsh has a 52 week low of $174.18 and a 52 week high of $248.00.

Marsh (NYSE:MRSH) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the prior year, the business earned $1.87 EPS. Marsh’s revenue was up 8.7% on a year-over-year basis.

About Marsh

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.