Selective Insurance Group Reaches Analyst Target Price
January 19, 2017 at 09:27 AM EST
In recent trading, shares of Selective Insurance Group Inc (SIGI) have crossed above the average analyst 12-month target price of $41.67, changing hands for $41.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..