Stock

Will Reinsurance Group rise as it remains stable at $107 to $118?

Reinsurance Group of America (MUN:RGPB) reported growth in Q1 profits against lower revenue. The share lost 1.26% following the news. Last week, the stock gained 10.60% in anticipation of the Q1 earnings. The Reinsurance Group remains an attractive value stock. 

Reinsurance Group is likely to report growth in revenues and incomes in the coming few quarters. Though growth may be slow, the recent increases in interest rates will result in higher earnings. The stock is therefore expected to remain highly resilient.

Analysis of the price also indicates that it has been highly stable. The lowest price over the last year is $94 while the highest is at $130. At the levels, the price to sales ratio stands at 0.50, while the price to book is 0.87. In the last fiscal year, the stock had an EPS of 1.13, leading to a PE of 13.45. The metrics show a fundamentally strong firm.

Reinsurance Group remains stable between $107 and $118

Source – TradingView

Price chart analysis shows support at $100. The resistance remains at $132. The MACD shows that the Reinsurance Group is subtly bullish. Momentum, however, remains low.

The price is projected to remain stable in the region between $107 and $118. Low momentum means that it is less likely to be affected by huge fluctuations in the market. The characteristics make the stock attractive to hold during a declining market.

Summary

Reinsurance Group remains among a few bullish stocks. The recent rise in interest rates is likely to benefit the firm. This analysis recommends holding the stock whose prices will remain stable between $107 and $118.

The post Will Reinsurance Group rise as it remains stable at $107 to $118? appeared first on Invezz.

Disclaimer: MonopolyWinnersUpdates.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 MonopolyWinnersUpdates.com. All Rights Reserved.

To Top