Mercury General Stock (NYSE:MCY), Analyst Ratings, Price Targets, Predictions

The latest price target for Mercury General (NYSE: MCY) was reported by Raymond James on July 7, 2023. The analyst firm set a price target for $33.00 expecting MCY to fall to within 12 months (a possible -39.23% downside). 2 analyst firms have reported ratings in the last year.

The latest analyst rating for Mercury General (NYSE: MCY) was provided by Raymond James, and Mercury General downgraded their outperform rating.

The last upgrade for Mercury General Corp happened on November 4, 2022 when Raymond James raised their price target to $45. Raymond James previously had an underperform for Mercury General Corp.

The last downgrade for Mercury General Corp happened on July 7, 2023 when Raymond James changed their price target from $40 to $33 for Mercury General Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mercury General, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Mercury General was filed on July 7, 2023 so you should expect the next rating to be made available sometime around July 7, 2024.

While ratings are subjective and will change, the latest Mercury General (MCY) rating was a downgraded with a price target of $40.00 to $33.00. The current price Mercury General (MCY) is trading at is $54.30, which is out of the analyst’s predicted range.