Canaccord Genuity Increases Brit PLC Price Target to GBX 260 (BRIT)
Equities researchers at Canaccord Genuity upped their price target on shares of Brit PLC (LON:BRIT) from GBX 255 ($4.28) to GBX 260 ($4.36) in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 4.01% from the stock’s previous close.
Brit PLC (LON:BRIT) opened at 249.575 on Thursday. Brit PLC has a one year low of GBX 195.00 and a one year high of GBX 251.42. The stock has a 50-day moving average of GBX 243.4 and a 200-day moving average of GBX 234.4. The company’s market cap is £998.3 million.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, August 20th will be given a dividend of GBX 6.25 ($0.10) per share. This represents a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 20th.
BRIT has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Brit PLC in a research note on Friday, August 1st. They now have a GBX 290 ($4.86) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Brit PLC in a research note on Tuesday, June 24th. They now have a GBX 256 ($4.29) 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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