RSA Insurance Group Price Target Cut to GBX 100 (RSA)
Citigroup Inc. cut their target price on shares of RSA Insurance Group (LON:RSA) from GBX 126 ($2.08) to GBX 100 ($1.65) in a research note issued on Monday, American Banking News reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target indicates a potential downside of 2.15% from the company’s current price.
Shares of RSA Insurance Group (LON:RSA) opened at 103.00 on Monday. 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 57.83 and its 200-day moving average is GBX 87.52. The company’s market cap is £3.760 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of RSA Insurance Group from GBX 110 ($1.81) to GBX 100 ($1.65) in a research note to investors on Friday, January 10th. They now have an “underperform” rating on the stock. Separately, analysts at Raymond James reiterated an “underperform” rating on shares of RSA Insurance Group in a research note to investors on Friday, January 10th. They now have a GBX 90 ($1.48) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RSA Insurance Group in a research note to investors on Friday, January 10th. They now have a GBX 109 ($1.80) price target on the stock. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 110.92 ($1.83).
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.