Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.50 on National General Holdings Corp (NASDAQ:NGHC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.91 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of National General Holdings Corp (NASDAQ:NGHC) stands at 15.63.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For National General Holdings Corp, the PEG ratio for coming 3-5 years is 0.70.
The technical analysis highlights that National General Holdings Corp current is trading $0.00 points away or +0.01% from its 50-day moving average of $21.86. Further it is trading $0.49 or +2.28% away its 200-day moving average of $21.37.
The 52-week high of National General Holdings Corp (NASDAQ:NGHC) was $22.96 while lowest point recorded in 52-week was $18.04. It implies if stock price makes a movement of over $-1.10, it will record a new 52-week high. In the case of +21.18% drop, it will touch a new 52-week low.
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