Resolution Ltd Receives Sell Rating from Berenberg Bank (RSL)
Resolution Ltd (LON:RSL)‘s stock had its “sell” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Friday, Analyst Ratings Network reports. They currently have a GBX 295 ($4.73) target price on the stock. Berenberg Bank’s price target suggests a potential downside of 8.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Resolution Ltd (LON:RSL) in a research note to investors on Friday, September 20th. They now have a GBX 355 ($5.69) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Resolution Ltd (LON:RSL) in a research note to investors on Friday, September 20th. They now have a GBX 315 ($5.05) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Resolution Ltd (LON:RSL) from GBX 316 ($5.06) to GBX 325 ($5.21) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 295.35 ($4.73).
Shares of Resolution Ltd (LON:RSL) traded down 0.40% during mid-day trading on Friday, hitting GBX 323.30. 1,179,573 shares of the company’s stock traded hands. Resolution Ltd has a 52-week low of GBX 204.775 and a 52-week high of GBX 342.40. The stock’s 50-day moving average is GBX 324.2 and its 200-day moving average is GBX 292.6. The company’s market cap is £4.585 billion.
Resolution Limited provides public markets with a series of restructuring opportunities in the financial services industry within the United Kingdom and Western Europe.
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