Berenberg Bank Reiterates “Hold” Rating for RSA Insurance Group plc (RSA)
RSA Insurance Group plc (LON:RSA)‘s stock had its “hold” rating reiterated by Berenberg Bank in a research note issued on Wednesday. They currently have a GBX 477 ($7.92) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 2.91% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura raised their price target on shares of RSA Insurance Group plc from GBX 445 ($7.38) to GBX 492 ($8.16) in a research note on Friday, August 29th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America upgraded shares of RSA Insurance Group plc to a “buy” rating in a research note on Tuesday, August 26th. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of RSA Insurance Group plc in a research note on Tuesday, August 26th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 334.05 ($5.54).
RSA Insurance Group plc (LON:RSA) traded down 0.11% during mid-day trading on Wednesday, hitting GBX 463.00. The stock had a trading volume of 2,296,766 shares. 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 162.1 and its 200-day moving average is GBX 261.2. The company’s market cap is £4.690 billion.
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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