Mercury General Corporation (MCY) Receives Price Target

Mercury General Corporation (MCY) : The consensus price target for Mercury General Corporation (MCY) is $46.5 for the short term with a standard deviation of $6.36. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $42.

Mercury General Corporation (MCY) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 3 equity analysts. Nevertheless, the majority of 2 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 5, which is also a Strong Sell. 1 considers that the stock is a Sell.


Mercury General Corporation (NYSE:MCY): The stock opened at $54.25 on Thursday but the bulls could not build on the opening and the stock topped out at $54.52 for the day. The stock traded down to $53.71 during the day, due to lack of any buying support eventually closed down at $54.19 with a loss of -0.20% for the day. The stock had closed at $54.30 on the previous day. The total traded volume was 83,835 shares.

Mercury General Corporation is an insurance holding company. Through its subsidiaries, the Company operates as a personal automobile insurer, selling policies through a network of independent agents, 100% owned insurance agents, and direct channels in around 13 states. It also offers homeowners, commercial automobile, commercial property, mechanical breakdown, fire and umbrella insurance. It provides various types of automobile coverage, such as collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards. It offers a range of homeowners coverage, including dwelling, liability, personal property, fire and other hazards. It has operations in Arizona, California, Georgia, Illinois, Michigan, Nevada and New Jersey, among others. Its subsidiaries include Mercury Casualty Company, Mercury Insurance Company, California Automobile Insurance Company and Mercury Insurance Company of Georgia, among others.

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