Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for W.R. Berkley Corp (NYSE: WRB) improved in the last week. WRB’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
W.R. Berkley Corp (NYSE: WRB) stock rose modestly by 0.6% on 12/22/23. The stock closed at $70.21. However, trading volume in this advance was below average at 69% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WRB is expected to continue to be an important Value Builder.
W.R. Berkley has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. W.R. Berkley has a slightly negative Appreciation Score of 39 but a very high Power Rating of 90, leading to the Positive Value Trend Rating.
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