A Closer Look at 10 Analyst Recommendations For Globe Life
Portfolio Pulse from Benzinga Insights
In the past three months, 10 analysts have provided ratings for Globe Life (NYSE:GL), showing a range of perspectives from bullish to bearish. Recently, analysts have lowered their price targets, with the average target now at $112.5, down 15.35%. Key analysts from firms like Wells Fargo, Keefe, Bruyette & Woods, and Piper Sandler have all lowered their ratings and price targets. Despite strong net margins and ROA, Globe Life's ROE is below industry standards.
May 21, 2024 | 6:00 pm
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NEGATIVE IMPACT
Analysts have recently lowered their price targets for Globe Life (NYSE:GL) by 15.35%, with the average target now at $112.5. This indicates a negative shift in sentiment. Despite strong net margins and ROA, the company's ROE is below industry standards.
The lowering of price targets by multiple analysts suggests a negative outlook for Globe Life in the short term. The decrease in the average price target by 15.35% reflects reduced expectations for the company's stock performance. Additionally, while the company shows strong net margins and ROA, its ROE is below industry standards, which may further contribute to a bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100