RSA Insurance Group plc Receives Consensus Rating of “Hold” from Brokerages (LON:RSA)
Shares of RSA Insurance Group plc (LON:RSA) have been given an average recommendation of “Hold” by the twenty-five brokerages that are presently covering the company, AR Network reports. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 305.82 ($5.11).
Shares of RSA Insurance Group plc (LON:RSA) traded up 0.67% during mid-day trading on Thursday, hitting GBX 436.40. The stock had a trading volume of 741,863 shares. RSA Insurance Group plc has a 1-year low of GBX 347.091 and a 1-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 £4.420 billion.
A number of research firms have recently commented on RSA. Analysts at Canaccord Genuity cut their price target on shares of RSA Insurance Group plc from GBX 480 ($8.02) to GBX 440 ($7.36) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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).
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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