MKM Partners Initiates Coverage on ACE Ltd (ACE)

By admin | 6 years ago

Investment analysts at MKM Partners began coverage on shares of ACE Ltd (NYSE: ACE) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Shares of ACE Ltd traded down 0.04% during mid-day trading on Friday, hitting $70.19. ACE Ltd has a one year low of $56.90 and a one year high of $77.42. The company has a market cap of $23.773 billion and a P/E ratio of 10.39.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) downgraded shares of ACE Ltd from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, May 9th. Separately, analysts at Sanford C. Bernstein upgraded shares of ACE Ltd from an “underperform” rating to a “market perform” rating in a research note to investors on Tuesday, May 1st. Finally, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of ACE Ltd to $77.00 in a research note to investors on Monday, April 30th. They now have a “neutral” rating on the stock.

ACE Limited (ACE) is a holding company of the ACE Group of Companies. ACE is a global insurance and reinsurance organization, serving the needs of customers in more than 170 countries.

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