In a report released yesterday, Meyer Shields from KBW reiterated a Hold rating on Maiden Holdings Ltd (NASDAQ: MHLD), with a price target of $6. The company’s shares closed yesterday at $4.40, close to its 52-week low of $4.15.
According to TipRanks.com, Shields is a 4-star analyst with an average return of 8.5% and a 70.5% success rate. Shields covers the Financial sector, focusing on stocks such as National General Holdings, Arthur J Gallagher & Co, and Arch Capital Group Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Maiden Holdings Ltd with a $7.33 average price target.
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The company has a one-year high of $9.10 and a one-year low of $4.15. Currently, Maiden Holdings Ltd has an average volume of 370.5K.
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Maiden Holdings Ltd. engages in the provision of non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business.
