Morgan Stanley Increases RSA Insurance Group Price Target to GBX 136 (RSA)
Investment analysts at Morgan Stanley raised their target price on shares of RSA Insurance Group (LON:RSA) from GBX 127 ($2.05) to GBX 136 ($2.19) in a note issued to investors on Thursday, American Banking & Market News reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 13.43% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated an “add” rating on shares of RSA Insurance Group (LON:RSA) in a research note to investors on Tuesday. They now have a GBX 140 ($2.26) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of RSA Insurance Group (LON:RSA) in a research note to investors on Monday. They now have a GBX 125 ($2.02) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RSA Insurance Group (LON:RSA) in a research note to investors on Thursday, September 26th. They now have a GBX 155 ($2.50) price target on the stock. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 129.20 ($2.08).
RSA Insurance Group (LON:RSA) traded up 1.44% on Thursday, hitting GBX 119.90. The stock had a trading volume of 11,609,087 shares. RSA Insurance Group has a 1-year low of GBX 107.30 and a 1-year high of GBX 137.30. The stock has a 50-day moving average of GBX 121.7 and a 200-day moving average of GBX 118.1. The company’s market cap is £4.377 billion.
RSA Insurance Group plc is the holding company engaged in personal and commercial general insurance business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.