MBIA (NYSE:MBI – Get Rating) had its price target reduced by analysts at Keefe, Bruyette & Woods from $13.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 29.45% from the company’s previous close.
MBI has been the topic of several other reports. StockNews.com raised shares of MBIA from a “sell” rating to a “hold” rating in a research report on Thursday, December 29th. Roth Capital reiterated a “buy” rating on shares of MBIA in a report on Wednesday, March 1st. Finally, Compass Point started coverage on shares of MBIA in a report on Monday, November 28th. They set a “neutral” rating and a $14.00 price target for the company.
MBIA Stock Down 3.7 %
Shares of MBI stock opened at $9.27 on Wednesday. The company’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $11.85. The firm has a market cap of $508.37 million, a PE ratio of -2.36 and a beta of 1.23. MBIA has a 12 month low of $8.91 and a 12 month high of $16.68.
Institutional Trading of MBIA
MBIA, Inc is a holding company, which engages in the provision of financial guarantee insurance, related reinsurance, advisory and portfolio services, and asset management advisory services. It operates through the following business segments: U.S. Public Finance Insurance, Corporate, and International and Structured Finance Insurance.
- Get a free copy of the StockNews.com research report on MBIA (MBI)
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