Third Point Reinsurance Reaches Analyst Target Price
October 04, 2017 at 09:19 AM EDT
In recent trading, shares of Third Point Reinsurance Ltd (TPRE) have crossed above the average analyst 12-month target price of $15.75, changing hands for $15.85/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..