In a report released on March 13, Simon Fitzgerald from Jefferies maintained a Buy rating on Insurance Australia Group Limited, with a price target of A$8.50. The company’s shares closed last Thursday at A$7.25.
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Fitzgerald covers the Financial sector, focusing on stocks such as HUB24 Limited, AMP , and ASX . According to TipRanks, Fitzgerald has an average return of -0.5% and a 51.56% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Insurance Australia Group Limited with a A$8.30 average price target, which is a 14.50% upside from current levels. In a report released yesterday, TipRanks – Google also reiterated a Buy rating on the stock with a A$8.00 price target.
The company has a one-year high of A$9.18 and a one-year low of A$6.39. Currently, Insurance Australia Group Limited has an average volume of 5.8M.
Jefferies Sticks to Its Buy Rating for Insurance Australia Group Limited (IAUGF)
