Brown & Brown (BRO) Receives Price Target

Brown & Brown (BRO) : Average target price received by Brown & Brown (BRO) is $36.43 with an expected standard deviation of $3.74. The most aggressive target on the stock is $41, whereas the most downbeat target is $31. 7 financial analysts are currently covering the stock.

Brown & Brown (BRO) : 11 analysts are covering Brown & Brown (BRO) and their average rating on the stock is 2.85, which is read as a Hold. 2 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. Brown & Brown (BRO) also receives 1 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. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Deutsche Bank maintains its rating on Brown & Brown (NYSE:BRO). As per the latest information, the brokerage house raises the price target to $40 per share from a prior target of $39. The shares have been rated Buy. The rating by the firm was issued on July 20, 2016.

Brown & Brown (NYSE:BRO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.48 and $37.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.58, notching a gain of 0.29% for the day. The total traded volume was 621,246 . The stock had closed at $37.47 on the previous day.

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.

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