Tower Group International Price Target Cut to $3.00 by Analysts at Compass Point (TWGP)
Investment analysts at Compass Point lowered their price objective on shares of Tower Group International (NASDAQ:TWGP) from $5.00 to $3.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. Compass Point’s target price suggests a potential upside of 4.53% from the stock’s previous close.
Tower Group International (NASDAQ:TWGP) traded down 2.05% during mid-day trading on Wednesday, hitting $2.87. 2,244,851 shares of the company’s stock traded hands. Tower Group International has a 52 week low of $2.41 and a 52 week high of $22.30. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $10.56. The company’s market cap is $164.8 million.
Tower Group International (NASDAQ:TWGP) last announced its earnings results on Friday, November 22nd. The company reported ($5.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $5.53. Analysts expect that Tower Group International will post $-5.54 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim downgraded shares of Tower Group International from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Zacks downgraded shares of Tower Group International from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $2.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Tower Group International from $4.50 to $3.75 in a research note to investors on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Tower Group International presently has an average rating of “Hold” and an average price target of $6.50.
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.