Amlin “Underperform” Rating Reaffirmed
Stock in Amlin plc — which operates a major Bermuda reinsurance platform — had its “underperform” rating reiterated by investment analysts at Bank of America in a note issued to investors today [April 8], StocKRatingsNetwork.com reports.
They currently have a $5.91 target price on the stock.
Amlin been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “neutral” rating on shares of Amlin in a research note to investors on Friday. They now have a $7.10 price target on the stock.
Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Amlin in a research note to investors on Thursday, March 21st. They now have a $6.50 price target on the stock.
Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Amlin in a research note to investors on March 19. They now have a $6.87 price target on the stock.
Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.60.
Amlin plc is engaged in non-life insurance and reinsurance underwriting in the Lloyd’s market, Bermuda and Continental Europe.
The inernational firm’s Amlin Bermuda operation — a specialist reinsurance underwriting business — was formed in November, 2005.
