Stock To Watch: Third Point Reinsurance Ltd. (NYSE:TPRE)


The leading market experts have placed a mean price target of $13.83 on Third Point Reinsurance Ltd. (NYSE:TPRE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.46 a share for the upcoming quarter and $1.01 for the current fiscal. Technical View The technical analysis of Third Point Reinsurance Ltd. Co plainly substantiates that the 50-day moving average of Third Point Reinsurance Ltd. Co is $11.44, and stock is hovering 0.08 or +0.66% distant from $11.44. It is noted that the 200-day MA is $11.64, and Third Point Reinsurance Ltd. Co stock is $-0.12 or -1.02% off from this point. Third Point Reinsurance Ltd. (NYSE:TPRE) 52-week high is $15.35 and the 52-week low is $10.08. This explains if the stock moves $-3.83, it will post a 52-week high. In event of $+14.29% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Third Point Reinsurance Ltd. Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Third Point Reinsurance Ltd. (NYSE:TPRE) ratio came in at N/A. The stock last ended the trading session at $11.52 and registered a market cap of $1.20B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Third Point Reinsurance Ltd. (NYSE:TPRE) PEG ratio is at 0.74.

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