Fortress Investment Group LLC Price Target Increased to $6.00 by Analysts at Jefferies Group (FIG)
Fortress Investment Group LLC (NYSE: FIG) had its price target raised by Jefferies Group from $5.00 to $6.00 in a research report sent to investors on Thursday morning. The firm currently has a hold rating on the stock.
A number of other analysts have also recently weighed in on FIG. Analysts at Oppenheimer raised their price target on shares of Fortress Investment Group LLC to $9.50 in a research note to investors on Thursday. Analysts at Barclays Capital raised their price target on shares of Fortress Investment Group LLC from $6.00 to $7.00 in a research note to investors on Wednesday, January 9th. They now have an overweight rating on the stock.
Shares of Fortress Investment Group LLC opened at 6.39 on Thursday. Fortress Investment Group LLC has a 52 week low of $2.86 and a 52 week high of $6.58. The stock’s 50-day moving average is currently $5.56. The company has a market cap of $2.976 billion and a P/E ratio of 23.67.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Tuesday, March 12th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, March 8th. This is a positive change from Fortress Investment Group LLC’s previous quarterly dividend of $0.05.
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