Macquarie Downgrades Fortegra Financial Corp to Neutral (FRF)
Fortegra Financial Corp (NYSE:FRF) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $10.00 price target on the stock. Macquarie’s target price would suggest a potential upside of 1.32% from the company’s current price.
FRF has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Fortegra Financial Corp to a “buy” rating in a research note on Tuesday, July 29th. Analysts at Sandler O’Neill raised their price target on shares of Fortegra Financial Corp from $7.50 to $8.00 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock.
Fortegra Financial Corp (NYSE:FRF) opened at 9.87 on Wednesday. Fortegra Financial Corp has a 52 week low of $6.46 and a 52 week high of $9.88. The stock has a 50-day moving average of $7.38 and a 200-day moving average of $7.22. The company has a market cap of $194.5 million and a price-to-earnings ratio of 6.24.
Fortegra Financial Corporation is specializing in insurance products and services. The Company’s business process outsourcing segment offers various administrative services under the Consecta and Pacific Benefits Group Northwest, LLC brand names to insurance and other financial services companies.
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