Tower Group International, Ltd. Price Target Lowered to $7.00 at FBR Capital Markets (TWGP)
Equities research analysts at FBR Capital Markets decreased their target price on shares of “Tower Group International, Ltd.” (NASDAQ:TWGP) from $17.00 to $7.00 in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would suggest a potential downside of 5.53% from the stock’s previous close.
A number of other firms have also recently commented on TWGP. Analysts at Guggenheim reiterated a “neutral” rating on shares of “Tower Group International, Ltd.” in a research note to investors on Wednesday, October 2nd. They now have a $11.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of “Tower Group International, Ltd.” from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. Finally, analysts at FBR & Co. downgraded shares of “Tower Group International, Ltd.” from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 18th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. “Tower Group International, Ltd.” currently has a consensus rating of “Hold” and an average target price of $17.29.
“Tower Group International, Ltd.” (NASDAQ:TWGP) opened at 7.41 on Tuesday. “Tower Group International, Ltd.” has a 52-week low of $6.58 and a 52-week high of $22.30. The stock has a 50-day moving average of $11.91 and a 200-day moving average of $17.60. The company has a market cap of $425.6 million and a price-to-earnings ratio of 5.40.
Tower Group, Inc (NASDAQ:TWGP), through its subsidiaries, offers a range of commercial, personal and specialty property and casualty insurance products and services to businesses in various industries and to individuals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.