Fidelis Insurance (NYSE:PLGO) Price Target Raised to $28.00 at Citizens Jmp

Fidelis Insurance (NYSE:PLGO) had its target price lifted by investment analysts at Citizens Jmp from $27.00 to $28.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 11.53% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays boosted their price target on Fidelis Insurance from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings began coverage on Fidelis Insurance in a research note on Wednesday, May 13th. They issued a “buy (b)” rating on the stock. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fidelis Insurance has an average rating of “Moderate Buy” and an average target price of $26.60.

Fidelis Insurance Stock Up 0.5%

NYSE:PLGO opened at $25.11 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 6.78 and a beta of 0.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $23.29. Fidelis Insurance has a 52 week low of $14.80 and a 52 week high of $25.60.

Fidelis Insurance (NYSE:PLGO) last posted its earnings results on Wednesday, May 13th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.19. The business had revenue of $612.20 million during the quarter, compared to analyst estimates of $577.19 million. Fidelis Insurance had a return on equity of 14.44% and a net margin of 15.33%. As a group, sell-side analysts anticipate that Fidelis Insurance will post 3.78 earnings per share for the current year.

About Fidelis Insurance

Fidelis is a leading global provider of bespoke and specialty insurance and reinsurance products. We believe our differentiated underwriting positions us well to generate strong returns across (re)insurance cycles. Current Fidelis is led by Mr. Daniel Burrows who has more than 35 years of experience in the insurance industry and is supported by a highly experienced management team that manages the operations of Current Fidelis based on our founding principles. Following the Separation Transactions, Current Fidelis is positioned as a global, specialty insurance provider with exclusive right of first access to Fidelis MGU’s underwriting business during the term of the Framework Agreement.