Briggs & Stratton (BGG) is Initiated by Northcoast to Buy

Briggs & Stratton (BGG) is Initiated by Northcoast to Buy , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

The company shares have dropped 17.21% in the past 52 Weeks. On October 12, 2015 The shares registered one year high of $21.24 and one year low was seen on December 21, 2015 at $16.08. The 50-day moving average is $17.89 and the 200 day moving average is recorded at $19.01. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of Briggs & Stratton Corporation (NYSE:BGG) appreciated by 3.99% during the past week but lost 11.92% on a 4-week basis. The shares have outperformed the S&P 500 by 1.19% in the past week but underperformed the index by 10.67% in the last 4 weeks.

Shares of Briggs & Stratton Corporation (NYSE:BGG) ended Thursday session in red amid volatile trading. The shares closed down 0.09 points or 0.53% at $16.93 with 155,336 shares getting traded. Post opening the session at $16.97, the shares hit an intraday low of $16.78 and an intraday high of $17.06 and the price vacillated in this range throughout the day. The company has a market cap of $749 million and the number of outstanding shares has been calculated to be 44,225,022 shares. The 52-week high of Briggs & Stratton Corporation (NYSE:BGG) is $21.24 and the 52-week low is $16.08.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Briggs & Stratton Corp, Jaehnert Frank M had purchased shares worth of $52,800 in a transaction dated on November 4, 2015. A total of 3,000 shares were purchased at a price of $17.6 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Briggs & Stratton Corporation (Briggs & Stratton) is a producer of air cooled gasoline engines for outdoor power equipment. The Company designs, manufactures, markets and services these products for original equipment manufacturers (OEMs) worldwide. In addition, the Company markets and sells related service parts and accessories for its engines. The Company manufactures, marketsgenerators, pressure washers, snow throwers, lawn and garden powered equipment (primarily riding and walk behind mowers) and related service parts and accessories. The Company operates in two segments: Engines and Power Products. On November 02, 2011, the Company acquired Premier Power Equipments and Products Private Ltd. of Tamil Nadu, India. In August 2014, Briggs & Stratton Corp acquired Allmand Bros., Inc.