Numis Securities Ltd Reiterates “Buy” Rating for Brit PLC (BRIT)
Brit PLC (LON:BRIT)‘s stock had its “buy” rating reissued by stock analysts at Numis Securities Ltd in a report issued on Monday. They currently have a GBX 290 ($4.81) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 12.53% from the stock’s previous close.
BRIT has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Brit PLC from GBX 255 ($4.23) to GBX 260 ($4.31) in a research note on Thursday, August 14th. They now have a “buy” rating 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 ($4.25) price target on the stock.
Shares of Brit PLC (LON:BRIT) opened at 258.90 on Monday. Brit PLC has a one year low of GBX 195.00 and a one year high of GBX 261.00. The stock has a 50-day moving average of GBX 247.0 and a 200-day moving average of GBX 236.6. The company’s market cap is £1.035 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, August 20th will be paid a dividend of GBX 6.25 ($0.10) per share. This represents a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 20th.
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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