Brown & Brown (NYSE:BRO – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other equities analysts have also issued reports on BRO. Citigroup raised Brown & Brown from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $69.00 in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods boosted their price target on Brown & Brown from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, April 18th. Finally, Jefferies Financial Group dropped their price target on Brown & Brown from $69.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 10th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Brown & Brown currently has an average rating of “Moderate Buy” and an average price target of $66.64.
Brown & Brown Price Performance
Shares of BRO opened at $63.09 on Friday. Brown & Brown has a 52-week low of $52.82 and a 52-week high of $68.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.49 and a current ratio of 2.49. The business’s 50 day moving average price is $61.07 and its two-hundred day moving average price is $58.86. The firm has a market cap of $17.89 billion, a PE ratio of 26.07 and a beta of 0.75.
Institutional Investors Weigh In On Brown & Brown
About Brown & Brown
Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.
- Get a free copy of the StockNews.com research report on Brown & Brown (BRO)
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