Zacks Investment Research upgraded Mercury General Corporation (NYSE:MCY) to Hold in a report released today.
- Updated: October 9, 2016
Zacks Investment Research has upgraded Mercury General Corporation (NYSE:MCY) to Hold in a report released on 10/05/2016.
Previously on 8/02/2016, Compass Point released a statement about Mercury General Corporation (NYSE:MCY) reduced the target price from $55.00 to $51.00. At the time, this indicated a possible downside of -0.04%.
Just yesterday Mercury General Corporation (NYSE:MCY) traded 0.97% higher at $54.17. Mercury General Corporation’s 50-day moving average is $54.17 and its 200-day moving average is $53.43. The last stock price is up 1.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 70,858 shares of MCY traded hands, down from an average trading volume of 131,226
Recent Performance Chart
Mercury General Corporation has 52 week low of $42.97 and a 52 week high of $56.14 with a PE ratio of 27.06 and has a market capitalization of $0.
A total of 2 firms have reported on Mercury General Corporation. zero brokers rating the stock a strong buy, 0 brokerages rating the stock a buy, 3 firms rating the stock a hold, 1 broker rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year price target of $46.00.
General Company Details For Mercury General Corporation (NYSE:MCY)
Mercury General Corporation is an insurance holding company. The Company is engaged in writing personal automobile insurance through approximately 10 insurance subsidiaries in over 10 states. The Company operates through Property and Casualty business segment. The Company also writes homeowners, commercial automobile, commercial property, mechanical breakdown and umbrella insurance. The Company offers a range of automobile coverage, such as collision, property damage, bodily injury (BI), comprehensive, personal injury protection (PIP), underinsured and uninsured motorist, and other hazards. The Company offers a range of homeowner's coverage, such as dwelling, liability, personal property, fire and other hazards. It has operations in Arizona, California, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia. The Company offers standard, non-standard, and preferred private passenger automobile insurance in approximately 10 states.
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