Sidoti Sticks to Its Hold Rating for Briggs & Stratton Corp (BGG)
In a report released today, Joseph Mondillo from Sidoti maintained a Hold rating on Briggs & Stratton Corp (BGG), with a price target of $16. The company’s shares closed on Tuesday at $14.54, close to its 52-week low of $13.33.
According to TipRanks.com, Mondillo is a 3-star analyst with an average return of 6.8% and a 50.0% success rate. Mondillo covers the Industrial Goods sector, focusing on stocks such as Lindsay Corp, Alamo Group, and Brady Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Briggs & Stratton Corp with a $21.50 average price target.
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The company has a one-year high of $27.34 and a one-year low of $13.33. Currently, Briggs & Stratton Corp has an average volume of 368.5K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BGG in relation to earlier this year.
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Briggs & Stratton Corp. engages in the design, manufacture, and distribution of gasoline engines and outdoor powered equipment. It operates through Engines, and Products segments. The Engines segment produces four-cycle aluminum alloy gasoline engines which are used in the production of walk-behind and riding lawn mowers, garden tillers, and snow throwers.