Barclays Stick to Their Sell Rating for Progressive Corp. By Investing.com

Barclays (LON:) analyst Tracy Benguigui maintained a Sell rating on Progressive Corp (NYSE:). on Wednesday, setting a price target of $85, which is approximately 1.45% below the present share price of $86.25.

Benguigui expects Progressive Corp. to post earnings per share (EPS) of $2.87 for the first quarter of 2021.

The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Progressive, with an average price target of $95.11.
The analysts price targets range from a high of $115 to a low of $85.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $11.41 billion and a net profit of $0. The company’s market cap is $50.47 billion.

According to TipRanks.com, Barclays analyst Tracy Benguigui is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 3.1% and a 70.59% success rate.

Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.