Barclays Capital announced Brown & Brown (NYSE:BRO), bumping up its stock price target to $33.00 today
- Updated: September 30, 2016
In a report issued 09/30/2016 Barclays Capital raised the target price of Brown & Brown (NYSE:BRO) from $31.00 to $33.00 indicating a possible downside of -0.13%.
On Tuesday July 19, 2016, Barclays Capital released a statement on Brown & Brown (NYSE:BRO) upped the target price from $30.00 to $31.00 that suggested a downside of -0.17%.
Displaying a price of $37.81, Brown & Brown (NYSE:BRO) traded 1.25% higher on the day. With the last close up 4.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BRO has recorded a 50-day moving average of $37.15 and a 200-day moving average of $36.15. 545,688 shares of the stock were exchanged, down from an average trading volume of 653,261
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Brown & Brown has a 52 week low of $28.41 and a 52 week high of $38.11 with a P/E ratio of 21.09 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $34.42 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 11 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Brown & Brown (NYSE:BRO)
Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services in the property, casualty and employee benefits areas. It provides customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services. It operates through four segments: the Retail segment; the National Programs segment; the Wholesale Brokerage segment, and the Services segment. The Retail Segment provides a range of insurance products and services to commercial, public and quasi-public entities, and to professional and individual customers. Its National Programs Segment works with over 40 carrier partners, offering approximately 50 programs. Its Wholesale Brokerage segment markets and sells excess and surplus commercial insurance products and services to retail insurance agencies. Services Segment provides a range of insurance-related services.
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