RSA Insurance Group Price Target Cut to GBX 100 by Analysts at Credit Suisse (RSA)
Equities researchers at Credit Suisse lowered their price target on shares of RSA Insurance Group (LON:RSA) from GBX 110 ($1.80) to GBX 100 ($1.64) in a research report issued on Friday, American Banking News.com reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price suggests a potential upside of 2.09% from the stock’s previous close.
Shares of RSA Insurance Group (LON:RSA) opened at 98.50 on Friday. RSA Insurance Group has a 52 week low of GBX 78.20 and a 52 week high of GBX 137.30. The stock’s 50-day moving average is GBX 65.35 and its 200-day moving average is GBX 91.52. The company’s market cap is £3.596 billion.
RSA has been the subject of a number of other recent research reports. Analysts at Raymond James reiterated an “underperform” rating on shares of RSA Insurance Group in a research note to investors on Friday. They now have a GBX 90 ($1.48) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RSA Insurance Group in a research note to investors on Friday. They now have a GBX 109 ($1.79) price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of RSA Insurance Group in a research note to investors on Friday. They now have a GBX 100 ($1.64) price target on the stock. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 111.54 ($1.83).
RSA Insurance Group plc is the holding company engaged in personal and commercial general insurance business.
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