Brown & Brown (BRO) has an average broker rating of 2.85, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Brown & Brown (BRO) : 7 Wall Street analysts covering Brown & Brown (BRO) believe that the average level the stock could reach for the short term is $36.43. The maximum price target given is $41 and the minimum target for short term is around $31, hence the standard deviation is calculated at $3.74.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Brown & Brown (NYSE:BRO). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $40 per share from a prior target of $39. The rating by the firm was issued on July 20, 2016.
Brown & Brown (NYSE:BRO): After opening at $36.74, the stock dipped to an intraday low of $36.72 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.35 and the buying power remained strong till the end. The stock closed at $37.27 for the day, a gain of 1.39% for the day session. The total traded volume was 527,826. The stocks close on the previous trading day was $36.76.
Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Companys has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.