Fidelis Insurance (NYSE:PLGO) Given New $26.00 Price Target at JPMorgan Chase & Co.

Fidelis Insurance (NYSE:PLGO) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $23.00 to $26.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.64% from the stock’s current price.

PLGO has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. UBS Group lifted their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Citizens Jmp boosted their price target on shares of Fidelis Insurance from $27.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings began coverage on Fidelis Insurance in a research note on Wednesday, May 13th. They set a “buy (b)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock traded up $0.43 on Monday, hitting $25.84. 67,851 shares of the company’s stock traded hands, compared to its average volume of 429,731. The firm has a 50-day moving average price of $23.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.23 billion, a PE ratio of 6.91 and a beta of 0.29. Fidelis Insurance has a one year low of $14.80 and a one year high of $26.18.

Fidelis Insurance (NYSE:PLGO) last posted its earnings results on Wednesday, May 13th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.19. The company 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%. On average, analysts forecast that Fidelis Insurance will post 3.78 earnings per share for the current fiscal 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.