Progressive (NYSE:PGR) has been upgraded from Sell to Neutral in a report by Citigroup today.
- Updated: October 14, 2016
Just yesterday Progressive (NYSE:PGR) traded 1.45% higher at $32.48. Progressive’s 50-day moving average is $31.59 and its 200-day moving average is $32.79. The last closing price is down 0.48% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 725,285 shares of PGR traded hands, down from an average trading volume of 2,708,690
Citigroup has upgraded Progressive (NYSE:PGR) from Sell to Neutral in a report released on 10/14/2016.
Recent Performance Chart
Progressive has 52 week low of $29.32 and a 52 week high of $35.54 with a PE ratio of 18.31 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $32.79 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 12 brokers rating the stock a hold, 6 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Progressive (NYSE:PGR)
The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments. The Company operates its vehicle businesses and property business in the United States. It also sells personal auto physical damage and auto property damage liability insurance in Australia. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. Its Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. Its Property business writes homeowners and renters insurance, primarily in the Agency channel in over 31 states and the District of Columbia.
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