Citigroup Cuts Brunswick (NYSE:BC) Price Target to $85.00

Brunswick (NYSE:BCGet Free Report) had its price objective lowered by Citigroup from $92.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 24.53% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. DA Davidson lowered their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley cut their target price on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.54.

View Our Latest Stock Analysis on BC

Brunswick Stock Performance

Shares of Brunswick stock opened at $68.26 on Tuesday. The firm has a market cap of $4.50 billion, a PE ratio of 16.98 and a beta of 1.54. The firm’s 50-day simple moving average is $70.91 and its 200-day simple moving average is $76.70. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Oak Thistle LLC acquired a new position in shares of Brunswick during the 4th quarter worth $368,000. Bank of Montreal Can boosted its holdings in Brunswick by 20.8% in the 2nd quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock valued at $2,925,000 after purchasing an additional 6,922 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in Brunswick by 47.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after purchasing an additional 77,340 shares during the period. JPMorgan Chase & Co. boosted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Finally, Barclays PLC boosted its holdings in Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after purchasing an additional 52,024 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Company Profile

(Get Free Report)

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.

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