Stock Rating Downgrade
In the last week the Value Trend Rating for Donegal Group Inc (NASDAQ: DGICA) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Donegal Group Inc (NASDAQ: DGICA) stock declined slightly by -0.6% on 4/12/24. The stock closed at $13.32. However, trading volume in this decline was exceptionally low at 41% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, DGICA is expected to be Value Creation neutral.
Donegal Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Donegal Group has a slightly negative Power Rating of 38 and a slightly negative Appreciation Score of 34, producing the Negative Value Trend Rating.
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