Brit PLC Given “Buy” Rating at Numis Securities Ltd (BRIT)
Brit PLC (LON:BRIT)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 290 ($4.94) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 20.83% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Brit PLC in a research note on Tuesday. They now have a GBX 255 ($4.34) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Brit PLC in a research note on Tuesday. They now have a GBX 256 ($4.36) price target on the stock.
Brit PLC (LON:BRIT) traded up 0.79% during mid-day trading on Wednesday, hitting GBX 241.90. 99,930 shares of the company’s stock traded hands. 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 236.4 and its 200-day moving average is GBX 229.. The company’s market cap is £967.6 million.
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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