Is Rli Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: RLI) stock is to Buy RLI stock.
Out of 3 analysts, 1 (33.33%) are recommending RLI as a Strong Buy, 1 (33.33%) are recommending RLI as a Buy, 1 (33.33%) are recommending RLI as a Hold, 0 (0%) are recommending RLI as a Sell, and 0 (0%) are recommending RLI as a Strong Sell.
What is RLI's forecast return on equity (ROE) for 2023-2024?
(NYSE: RLI) forecast ROE is 13.83%, which is considered weak.
What is RLI's Price Target?
According to 3 Wall Street analysts that have issued a 1 year RLI price target, the average RLI price target is $156.00, with the highest RLI stock price forecast at $162.00 and the lowest RLI stock price forecast at $151.00.
On average, Wall Street analysts predict that Rli's share price could reach $156.00 by Sep 7, 2024. The average Rli stock price prediction forecasts a potential upside of 13.02% from the current RLI share price of $138.03.
What is RLI's forecast return on assets (ROA) for 2023-2024?
(NYSE: RLI) forecast ROA is 3.69%, which is lower than the forecast US Insurance - Property & Casualty industry average of 4.08%.
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