Short Term Price Target on Progressive Corporation (The) (PGR)

Progressive Corporation (The) (NYSE:PGR) : The highest level Progressive Corporation (The) (NYSE:PGR) is projected to reach is $36 for the short term and the lowest estimate is at $27. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $31.64 and the possibility the share price can swing is $3.26.

Shares of Progressive Corp. rose by 3.11% in the last five trading days and 0.3% for the last 4 weeks. Progressive Corp. has dropped 5.58% during the last 3-month period . Year-to-Date the stock performance stands at 8.43%.

Progressive Corporation (The) (NYSE:PGR) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Progressive Corporation (The) (NYSE:PGR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.68 and $32.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.50, notching a gain of 2.67% for the day. The total traded volume was 3,543,372 . The stock had closed at $32.63 on the previous day.

The Progressive Corporation is an insurance holding company. The Companys insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.

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