Credit Suisse Reiterates “Underperform” Rating for RSA Insurance Group plc (RSA)
RSA Insurance Group plc (LON:RSA)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse in a research report issued on Tuesday, American Banking & Market News reports. They currently have a GBX 100 ($1.66) target price on the stock. Credit Suisse’s target price indicates a potential upside of 2.56% from the stock’s previous close.
Shares of RSA Insurance Group plc (LON:RSA) opened at 97.85 on Tuesday. RSA Insurance Group plc has a 52-week low of GBX 78.20 and a 52-week high of GBX 131.024. The stock has a 50-day moving average of GBX 56.15 and a 200-day moving average of GBX 79.22. The company’s market cap is £3.572 billion.
A number of other firms have also recently commented on RSA. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of RSA Insurance Group plc in a research note on Monday. Separately, analysts at Nomura reiterated a “neutral” rating on shares of RSA Insurance Group plc in a research note on Monday. They now have a GBX 96 ($1.60) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of RSA Insurance Group plc in a research note on Friday. They now have a GBX 95 ($1.58) price target on the stock. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. RSA Insurance Group plc presently has a consensus rating of “Hold” and an average target price of GBX 107.54 ($1.79).
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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