Target Price For Tower Group International, Ltd. (NASDAQ:TWGP) Lowered By Compass Point
Dallas, Texas 12/30/2013 (FINANCIALSTRENDS) - In a recent even the Compass Point lowered the target price of Tower Group International, Ltd. (NASDAQ:TWGP) to $ 5.25. The current price target suggests that there is still a potential of a 38.89% upside in the stock. Monday saw TWGP shares opened at $3.78 and. The 52 week low of TWGP is $3.53 and the 52 week high of TWGP is $22.30. Last Friday also saw TWGP reporting its earnings results and posted a $5.10 EPS for the entire quarter.
There are many industry analysts who are predicting many different things about the stock such as FBR capital markets have predicted the share price of TWGP to be around $5.00 and have maintained an market perform rating on the stock. As the stock price of the TWGP is trading near to its 52 week low it seems that this is the perfect time to enter into this stock because the economic situation is improving and the stock value will also see a upside from here onwards. There are few analysts who have given a buy rating on this stock and investors will see a good return on their investment in a short period of time.
Overview of Tower Group International, Ltd. (NASDAQ:TWGP)
Tower Group International, Ltd. (NASDAQ:TWGP) and its different subsidiaries offer different range of commercial, personal and special property insurance products. The company also offers casualty insurance products and different services to businesses in industries and individuals also. It is a Bermuda based company and is listed on NASDAQ Global Select Market and has a symbol of TWGP.
As told earlier the company has different insurance subsidiaries in the United States of America and is one of the largest providers of property and casualty insurance in USA. The company also offers specialty products on an admitted and non admitted basis and also has a strong network of program underwriting agents.
Hmm this must be from September or October. They must have posted the date wrong. btw it was a low of $2.41 on 12/20/2013. I wish it was at $3.78 today. It would be nice if they could get their financials done in a timely manner!