Barclays Believes Progressive (PGR) Still Has Room to Grow


Barclays analyst Jay Gelb maintained a Buy rating on Progressive (PGR) yesterday and set a price target of $95. The company’s shares opened today at $82.64, close to its 52-week high of $84.30.

According to TipRanks.com, Gelb is a 5-star analyst with an average return of 8.0% and a 69.7% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Prudential Financial Inc.

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $81.43, a -1.5% downside from current levels. In a report issued on June 28, William Blair also maintained a Buy rating on the stock.

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The company has a one-year high of $84.30 and a one-year low of $56.71. Currently, Progressive has an average volume of 2.85M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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