RSA Insurance Group plc’s (RSA) “Outperform” Rating Reaffirmed at Credit Suisse Group
RSA Insurance Group plc (LON:RSA)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group in a note issued to investors on Friday.
Several other brokerages have also issued reports on RSA. Shore Capital reiterated a “sell” rating on shares of RSA Insurance Group plc in a research note on Tuesday, August 8th. Macquarie reiterated an “underperform” rating and issued a GBX 489 ($6.32) price target on shares of RSA Insurance Group plc in a research note on Thursday, August 3rd. HSBC Holdings plc lifted their price target on shares of RSA Insurance Group plc from GBX 695 ($8.98) to GBX 715 ($9.23) and gave the company a “buy” rating in a research note on Tuesday, June 13th. Deutsche Bank AG boosted their price objective on shares of RSA Insurance Group plc from GBX 570 ($7.36) to GBX 620 ($8.01) and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 685 ($8.85) price objective on shares of RSA Insurance Group plc in a research note on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 621.69 ($8.03).
RSA Insurance Group plc (LON RSA) traded down 0.24% during midday trading on Friday, reaching GBX 636.00. 2,046,712 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 652.19 and a 200 day moving average price of GBX 619.22. RSA Insurance Group plc has a 52 week low of GBX 496.84 and a 52 week high of GBX 672.50. The company’s market cap is GBX 6.49 billion.
RSA Insurance Group plc (LON:RSA) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. RSA Insurance Group plc had a net margin of 5.89% and a return on equity of 9.79%. Analysts anticipate that RSA Insurance Group plc will post $43.12 EPS for the current year.
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In related news, insider Isabel Hudson bought 1,009 shares of RSA Insurance Group plc stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of GBX 650 ($8.39) per share, with a total value of £6,558.50 ($8,470.23).
About RSA Insurance Group plc
RSA Insurance Group plc is an international general insurer. The Company provides personal, commercial and specialty insurance products and services direct-to-customers. Its segments include Scandinavia, Canada, UK & Ireland, Central Functions and non-core. Its segments are based on geography and all are engaged in providing personal and commercial general insurance services.
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