Brunswick (NYSE:BC) Price Target Lowered to $85.00 at Citigroup

Brunswick (NYSE:BC) had its target price decreased by analysts at Citigroup from $92.00 to $85.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 20.53% from the company’s current price.

BC has been the topic of a number of other reports. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Stifel Nicolaus dropped their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial decreased their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Roth Mkm cut their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and an average price target of $82.54.

Brunswick Price Performance

Brunswick stock opened at $70.52 on Tuesday. The business has a 50 day simple moving average of $71.33 and a 200-day simple moving average of $76.82. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The stock has a market capitalization of $4.65 billion, a PE ratio of 17.54 and a beta of 1.54.

Insider Transactions at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Brunswick in the third quarter valued at approximately $26,000. Armstrong Advisory Group Inc. acquired a new stake in Brunswick during the fourth quarter worth about $39,000. Avior Wealth Management LLC lifted its stake in shares of Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares in the last quarter. Covestor Ltd grew its holdings in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the period. Finally, GAMMA Investing LLC increased its position in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.