Barclays Reaffirms Their Buy Rating on Magic (MGIC)
Barclays analyst Tavy Rosner maintained a Buy rating on Magic (MGIC – Research Report) today and set a price target of $16.00. The company’s shares closed yesterday at $13.99.
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Rosner covers the Technology sector, focusing on stocks such as Amdocs, Ceva, and Ituran Location And Control. According to TipRanks, Rosner has an average return of 8.0% and a 52.76% success rate on recommended stocks.
The analyst consensus on Magic is currently a Hold rating.
MGIC market cap is currently $657.4M and has a P/E ratio of 17.82.
Read More on MGIC:
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