Tower Group International’s Market Perform Rating Reaffirmed at Deutsche Bank (TWGP)
Tower Group International (NASDAQ:TWGP)‘s stock had its “market perform” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, AR Network reports. They currently have a $2.50 target price on the stock, down from their previous target price of $3.00. Deutsche Bank’s price objective would indicate a potential upside of 11.11% from the stock’s previous close.
Tower Group International (NASDAQ:TWGP) traded down 3.56% on Tuesday, hitting $2.17. 406,347 shares of the company’s stock traded hands. Tower Group International has a 52 week low of $1.67 and a 52 week high of $22.30. The stock has a 50-day moving average of $2.53 and a 200-day moving average of $3.00. The company’s market cap is $124.4 million.
A number of other analysts have also recently weighed in on TWGP. Analysts at Keefe, Bruyette & Woods upgraded shares of Tower Group International from an “underperform” rating to a “market perform” rating in a research note on Friday. They now have a $2.50 price target on the stock, up previously from $1.50. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of Tower Group International in a research note on Thursday, May 8th. They now have a $2.50 price target on the stock, down previously from $3.00. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $2.95.
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.
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