BRP Group, Inc. (NASDAQ:BRP) Receives Average Rating of “Buy” from Analysts

BRP Group, Inc. (NASDAQ:BRPGet Rating) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $34.71.

A number of research analysts recently issued reports on BRP shares. Morgan Stanley lowered their target price on BRP Group from $40.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. Bank of America upgraded BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, March 14th. UBS Group started coverage on BRP Group in a research report on Monday. They issued a “buy” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on BRP Group from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, January 4th.

NASDAQ:BRP opened at $23.15 on Thursday. The business’s 50-day moving average price is $26.39 and its 200 day moving average price is $32.11. The firm has a market cap of $2.66 billion, a P/E ratio of -39.24, a PEG ratio of 1.15 and a beta of 1.74. BRP Group has a 52-week low of $21.92 and a 52-week high of $45.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.72.

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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Analyst Recommendations for BRP Group (NASDAQ:BRP)

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