Market Overview

FBR Capital Markets Raises Price Target For SeaBright Insurance Holdings, Inc. (SBX)


Analyst Bijan Moazami at FBR Capital Markets has released an update on SeaBright Insurance Holdings, Inc. (NYSE: SBX). The company reported its first-quarter results on Tuesday.

SeaBright Insurance reported first-quarter operating EPS of $0.15, slightly below consensus estimate of $0.16. According to FBR Capital Markets, the company is doing all it can improve returns.

FBR Capital Markets has raised the price target for SeaBright Insurance Holdings from $11 to $12. The brokerage firm has maintained its Market Perform rating for the company.

Posted-In: Bijan Moazami FBR Capital MarketsAnalyst Color Price Target Analyst Ratings


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