Meadowbrook Insurance Group PT Lowered to $8.00 (MIG)
Equities researchers at FBR Capital Markets reduced their price target on shares of Meadowbrook Insurance Group (NYSE:MIG) from $10.00 to $8.00 in a research report issued on Wednesday, AR Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective points to a potential upside of 25.59% from the stock’s previous close.
Shares of Meadowbrook Insurance Group (NYSE:MIG) opened at 6.37 on Wednesday. Meadowbrook Insurance Group has a 1-year low of $5.86 and a 1-year high of $8.90. The stock’s 50-day moving average is $6.43 and its 200-day moving average is $6.62. The company’s market cap is $317.8 million.
Meadowbrook Insurance Group (NYSE:MIG) last announced its earnings results on Thursday, February 27th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.42. On average, analysts predict that Meadowbrook Insurance Group will post $0.09 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MIG. Analysts at Zacks upgraded shares of Meadowbrook Insurance Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $7.10 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Meadowbrook Insurance Group has an average rating of “Hold” and an average target price of $8.35.
Meadowbrook Insurance Group, Inc (NYSE:MIG) is a specialty commercial insurance underwriter and insurance administration services company.
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