Macquarie Reiterates “Underperform” Rating for RSA Insurance Group plc (LON:RSA)
Macquarie reaffirmed their underperform rating on shares of RSA Insurance Group plc (LON:RSA) in a report published on Thursday. Macquarie currently has a GBX 489 ($6.45) price target on the insurance provider’s stock.
A number of other brokerages have also recently commented on RSA. Shore Capital reaffirmed a sell rating on shares of RSA Insurance Group plc in a research report on Wednesday. Deutsche Bank AG reaffirmed a hold rating and set a GBX 620 ($8.18) price target on shares of RSA Insurance Group plc in a research report on Thursday. Credit Suisse Group reaffirmed an outperform rating and set a GBX 720 ($9.50) price target on shares of RSA Insurance Group plc in a research report on Thursday. J P Morgan Chase & Co reissued a neutral rating and set a GBX 630 ($8.31) price objective on shares of RSA Insurance Group plc in a report on Thursday, July 20th. Finally, HSBC Holdings plc increased their price objective on RSA Insurance Group plc from GBX 695 ($9.17) to GBX 715 ($9.43) and gave the stock a buy rating in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. RSA Insurance Group plc presently has a consensus rating of Hold and a consensus price target of GBX 619.38 ($8.17).
Shares of RSA Insurance Group plc (LON RSA) traded down 0.23% on Thursday, hitting GBX 647.00. The company had a trading volume of 1,687,017 shares. The company has a 50 day moving average price of GBX 633.96 and a 200 day moving average price of GBX 605.84. The firm’s market capitalization is GBX 6.89 billion. RSA Insurance Group plc has a 1-year low of GBX 478.30 and a 1-year high of GBX 651.50.
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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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