Radian Group Reaches New 12-Month Low at $12.34 (RDN)
Shares of Radian Group (NYSE:RDN) hit a new 52-week low during trading on Friday , Stock Ratings Network.com reports. The company traded as low as $12.34 and last traded at $12.41, with a volume of 1,619,895 shares traded. The stock had previously closed at $12.66.
A number of research firms have recently commented on RDN. Analysts at Zacks downgraded shares of Radian Group from an “outperform” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $16.40 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Radian Group from $14.00 to $15.00 in a research note on Monday, May 19th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Radian Group presently has a consensus rating of “Buy” and an average target price of $17.41.
The stock’s 50-day moving average is $14.1 and its 200-day moving average is $14.72. The company has a market cap of $2.175 billion and a price-to-earnings ratio of 11.80.
Radian Group Inc (NYSE:RDN) is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien loans (first-lien).
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