Marsh (NYSE:MRSH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Marsh (NYSE:MRSH) had its price target increased by equities researchers at Wells Fargo & Company from $199.00 to $203.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 8.54% from the company’s previous close.

Marsh Stock Down 0.5%

Shares of Marsh stock traded down $0.90 during trading hours on Friday, reaching $187.02. 480,048 shares of the company’s stock were exchanged, compared to its average volume of 2,651,292. The firm has a market capitalization of $91.62 billion, a price-to-earnings ratio of 22.19 and a beta of 0.76. Marsh has a 1 year low of $174.18 and a 1 year 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 for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 earnings per share.

Marsh Company Profile

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.