RSA Insurance Group plc Stock Rating Reaffirmed by Bank of America (RSA)
RSA Insurance Group plc (LON:RSA)‘s stock had its “buy” rating reiterated by research analysts at Bank of America in a report released on Wednesday, American Banking News.com reports. They currently have a GBX 105 ($1.76) price objective on the stock. Bank of America’s price target would indicate a potential upside of 4.37% from the stock’s previous close.
RSA Insurance Group plc (LON:RSA) traded up 1.77% on Wednesday, hitting GBX 100.60. The stock had a trading volume of 19,608,174 shares. RSA Insurance Group plc has a 52-week low of GBX 78.20 and a 52-week high of GBX 137.30. The stock has a 50-day moving average of GBX 56.96 and a 200-day moving average of GBX 80.24. The company’s market cap is £3.672 billion.
A number of other analysts have also recently weighed in on RSA. Analysts at Canaccord Genuity upgraded shares of RSA Insurance Group plc to a “hold” rating in a research note on Monday. They now have a GBX 95 ($1.59) price target on the stock, up previously from GBX 85 ($1.42). Separately, analysts at Nomura reiterated a “neutral” rating on shares of RSA Insurance Group plc in a research note on Wednesday, February 12th. They now have a GBX 96 ($1.61) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RSA Insurance Group plc in a research note on Tuesday, February 11th. They now have a GBX 130 ($2.18) price target on the stock. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 108.84 ($1.82).
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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