Resolution Ltd Price Target Increased to GBX 340 by Analysts at Goldman Sachs Group Inc. (RSL)
Equities researchers at Goldman Sachs Group Inc. raised their price target on shares of Resolution Ltd (LON:RSL) from GBX 335 ($5.52) to GBX 340 ($5.60) in a research report issued on Friday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential downside of 3.76% from the company’s current price.
Resolution Ltd (LON:RSL) traded up 1.87% during mid-day trading on Friday, hitting GBX 359.90. The stock had a trading volume of 4,573,104 shares. Resolution Ltd has a 52-week low of GBX 246.70 and a 52-week high of GBX 360.70. The stock’s 50-day moving average is GBX 342.6 and its 200-day moving average is GBX 331.7. The company’s market cap is £5.104 billion.
A number of other analysts have also recently weighed in on RSL. Analysts at Credit Suisse downgraded shares of Resolution Ltd to an “underperform” rating in a research note to investors on Wednesday. They now have a GBX 340 ($5.60) price target on the stock, up previously from GBX 265 ($4.37). Separately, analysts at Citigroup Inc. raised their price target on shares of Resolution Ltd from GBX 314 ($5.17) to GBX 350 ($5.77) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Resolution Ltd from GBX 302 ($4.98) to GBX 368 ($6.06) in a research note to investors on Tuesday, January 7th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 336.29 ($5.54).
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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