Brown & Brown (NYSE:BRO – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Several other equities analysts have also recently commented on BRO. Citigroup raised shares of Brown & Brown from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $69.00 in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Brown & Brown from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, April 18th. Finally, Jefferies Financial Group reduced their price objective on shares of Brown & Brown from $69.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 10th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.64.
Brown & Brown Price Performance
Shares of NYSE BRO opened at $63.09 on Friday. Brown & Brown has a 52 week low of $52.82 and a 52 week high of $68.43. The business has a 50-day simple moving average of $61.07 and a two-hundred day simple moving average of $58.86. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.76. The company has a market cap of $17.89 billion, a P/E ratio of 26.07 and a beta of 0.75.
Institutional Investors Weigh In On Brown & Brown
About Brown & Brown
Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.
- Get a free copy of the StockNews.com research report on Brown & Brown (BRO)
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