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Analysts Offer Insights on Financial Companies: Bank Of Montreal (BMO), Insurance Australia Group Limited (OtherIAUGF) and Progressive (PGR)

Tipranks - Tipranks - Thu Mar 26, 4:56AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Bank Of Montreal (BMO), Insurance Australia Group Limited (IAUGF) and Progressive (PGR).

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Bank Of Montreal (BMO)

In a report released yesterday, Ebrahim Poonawala from Bank of America Securities maintained a Hold rating on Bank Of Montreal, with a price target of C$210.00. The company’s shares closed last Tuesday at $136.39.

According to TipRanks.com, Poonawala is a 5-star analyst with an average return of 14.2% and a 67.7% success rate. Poonawala covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Bank of New York Mellon, and Huntington Bancshares. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Bank Of Montreal with a $152.82 average price target, a 13.0% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a C$197.00 price target.

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Insurance Australia Group Limited (IAUGF)

UBS analyst Kieren Chidgey maintained a Buy rating on Insurance Australia Group Limited yesterday and set a price target of A$8.55. The company’s shares closed last Thursday at $5.19.

According to TipRanks.com, Chidgey is a 4-star analyst with an average return of 7.7% and a 65.0% success rate. Chidgey covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Computershare Limited, and Medibank Private. ;'>

Currently, the analyst consensus on Insurance Australia Group Limited is a Moderate Buy with an average price target of $5.70, which is a 9.8% upside from current levels. In a report issued on March 13, Jefferies also maintained a Buy rating on the stock with a A$8.50 price target.

Progressive (PGR)

In a report released yesterday, Joshua Shanker from Bank of America Securities reiterated a Buy rating on Progressive, with a price target of $295.00. The company’s shares closed last Tuesday at $206.21, close to its 52-week low of $201.34.

According to TipRanks.com, Shanker is a 4-star analyst with an average return of 6.4% and a 56.6% success rate. Shanker covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, American International Group, and Corebridge Financial, Inc. ;'>

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $236.06, which is a 15.0% upside from current levels. In a report issued on March 19, Roth MKM also maintained a Buy rating on the stock with a $235.00 price target.

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