BRP Group (NASDAQ:BRP) Coverage Initiated at UBS Group

Equities researchers at UBS Group began coverage on shares of BRP Group (NASDAQ:BRP – Get Rating) in a research note issued to investors on Monday, Stock Target Advisor reports. The firm set a “buy” rating on the stock.

Several other equities analysts have also weighed in on the company. Bank of America raised BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, March 14th. Morgan Stanley reduced their price target on BRP Group from $40.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Finally, Wells Fargo & Company reduced their price target on BRP Group from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, BRP Group currently has a consensus rating of “Buy” and an average price target of $35.50.

NASDAQ BRP opened at $23.28 on Monday. The firm has a market capitalization of $2.68 billion, a P/E ratio of -39.46, a P/E/G ratio of 1.15 and a beta of 1.74. BRP Group has a 1-year low of $22.00 and a 1-year high of $45.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day simple moving average is $26.89 and its 200-day simple moving average is $32.31.

BRP Group Company Profile (Get Rating)

BRP Group, Inc markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.

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