Nomura Reiterates “Neutral” Rating for RSA Insurance Group (RSA)
RSA Insurance Group (LON:RSA)‘s stock had its “neutral” rating restated by equities research analysts at Nomura in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 96 ($1.58) target price on the stock. Nomura’s target price indicates a potential downside of 2.49% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RSA Insurance Group in a research note on Tuesday. They now have a GBX 130 ($2.13) price target on the stock. Separately, analysts at Barclays upgraded shares of RSA Insurance Group to an “equal weight” rating in a research note on Wednesday, February 5th. They now have a GBX 99 ($1.62) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of RSA Insurance Group from GBX 106 ($1.74) to GBX 109 ($1.79) in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 109.24 ($1.79).
RSA Insurance Group (LON:RSA) remained flat at GBX 99.10 during trading on Wednesday. The stock had a trading volume of 21,041,302 shares. RSA Insurance Group has a one year low of GBX 78.20 and a one year high of GBX 137.30. The stock has a 50-day moving average of GBX 66.81 and a 200-day moving average of GBX 84.68. The company’s market cap is £3.617 billion.
RSA Insurance Group plc is the holding company of the RSA group of companies whose principal activity is the transaction of personal and commercial general insurance business.
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