Brit PLC Receives Overweight Rating from JPMorgan Chase & Co. (BRIT)
Brit PLC (LON:BRIT)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a GBX 256 ($4.36) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 6.67% from the stock’s previous close.
Brit PLC (LON:BRIT) traded up 0.63% during mid-day trading on Tuesday, hitting GBX 240.00. The stock had a trading volume of 361,642 shares. Brit PLC has a 1-year low of GBX 195.00 and a 1-year high of GBX 251.42. The stock’s 50-day moving average is GBX 235.9 and its 200-day moving average is GBX 229.3. The company’s market cap is £960.0 million.
A number of other firms have also recently commented on BRIT. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Brit PLC in a research note on Monday, June 2nd. They now have a GBX 290 ($4.94) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Brit PLC in a research note on Tuesday, May 6th. They now have a GBX 255 ($4.34) price target on the stock.
Brit PLC is a global specialty insurer and reinsurer, underwriting policies in the Lloyd’s market across a broad range of commercial insurance and reinsurance classes with a focus on Property, Casualty and Energy business.
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