Canaccord Genuity Trims RSA Insurance Group plc Target Price to GBX 440 (RSA)
Investment analysts at Canaccord Genuity lowered their price objective on shares of RSA Insurance Group plc (LON:RSA) from GBX 480 ($8.02) to GBX 440 ($7.36) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 0.59% from the company’s current price.
RSA Insurance Group plc (LON:RSA) opened at 436.30 on Wednesday. RSA Insurance Group plc has a one year low of GBX 347.091 and a one year high of GBX 575.23. The stock’s 50-day moving average is GBX 189.4 and its 200-day moving average is GBX 275.9. The company’s market cap is £4.419 billion.
A number of other firms have also recently commented on RSA. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RSA Insurance Group plc in a research note on Tuesday, August 12th. They now have a GBX 520 ($8.69) price target on the stock. Separately, analysts at Credit Suisse upgraded shares of RSA Insurance Group plc to a “neutral” rating in a research note on Tuesday, August 12th. They now have a GBX 450 ($7.52) price target on the stock, up previously from GBX 400 ($6.69). Finally, analysts at Barclays reiterated an “overweight” rating on shares of RSA Insurance Group plc in a research note on Friday, August 8th. They now have a GBX 548 ($9.16) price target on the stock. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 305.82 ($5.11).
RSA Insurance Group plc, formerly Royal & Sun Alliance 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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