Arthur J. Gallagher & Co. (AJG) Receives Price Target

Arthur J. Gallagher & Co. (AJG) stock is expected to deviate a maximum of $5.4 from the average target price of $51.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $43.

Arthur J. Gallagher & Co. (AJG) : 12 analysts are covering Arthur J. Gallagher & Co. (AJG) and their average rating on the stock is 1.83, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Arthur J. Gallagher & Co. (AJG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Keefe Bruyette & Woods maintains its view on Arthur J. Gallagher & Co. (NYSE:AJG) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Keefe Bruyette & Woods raises the price target from $55 per share to $57 per share on Arthur J. Gallagher & Co.. The rating by the firm was issued on August 1, 2016.

Arthur J. Gallagher & Co. (NYSE:AJG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.44 and $49.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.42, notching a gain of 0.02% for the day. The total traded volume was 583,553 . The stock had closed at $49.41 on the previous day.

Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Companys brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.

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