Goldman Sachs Group, Inc. (The) Reiterates Buy Rating for RSA Insurance Group plc (RSA)
RSA Insurance Group plc (LON:RSA)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued on Tuesday, July 4th, MarketBeat reports. They presently have a GBX 685 ($8.87) target price on the insurance provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential upside of 6.78% from the company’s current price.
A number of other analysts also recently commented on RSA. Credit Suisse Group increased their price objective on shares of RSA Insurance Group plc from GBX 680 ($8.81) to GBX 690 ($8.94) and gave the company an “outperform” rating in a report on Monday, March 6th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 585 ($7.58) price target on shares of RSA Insurance Group plc in a report on Friday, March 31st. Citigroup Inc. restated a “neutral” rating and set a GBX 600 ($7.77) price target (up previously from GBX 570 ($7.38)) on shares of RSA Insurance Group plc in a report on Tuesday, April 18th. Barclays PLC increased their price objective on shares of RSA Insurance Group plc from GBX 633 ($8.20) to GBX 635 ($8.23) and gave the stock an “overweight” rating in a research report on Tuesday, April 18th. Finally, Shore Capital reaffirmed a “sell” rating on shares of RSA Insurance Group plc in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 621.83 ($8.05).
Shares of RSA Insurance Group plc (RSA) traded down 1.08% during trading on Tuesday, hitting GBX 641.50. The stock had a trading volume of 1,850,311 shares. The company’s market capitalization is GBX 6.46 billion. RSA Insurance Group plc has a 52 week low of GBX 474.70 and a 52 week high of GBX 649.00. The firm has a 50-day moving average price of GBX 619.14 and a 200 day moving average price of GBX 594.29.
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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