RSA Insurance Group plc (RSA) Rating Reiterated by Morgan Stanley
RSA Insurance Group plc (LON:RSA)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued on Friday. They presently have a GBX 594 ($7.75) target price on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 9.59% from the stock’s current price.
A number of other brokerages have also issued reports on RSA. Barclays PLC boosted their price target on RSA Insurance Group plc from GBX 545 ($7.11) to GBX 551 ($7.19) and gave the stock an “overweight” rating in a research report on Wednesday, June 29th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 480 ($6.27) price objective on shares of RSA Insurance Group plc in a research note on Monday, August 1st. Panmure Gordon boosted their price objective on RSA Insurance Group plc from GBX 428 ($5.59) to GBX 470 ($6.13) and gave the stock a “hold” rating in a research note on Monday, August 1st. Citigroup Inc. reissued a “neutral” rating and issued a GBX 500 ($6.53) price objective on shares of RSA Insurance Group plc in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. boosted their price objective on RSA Insurance Group plc from GBX 448 ($5.85) to GBX 550 ($7.18) and gave the stock an “overweight” rating in a research note on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. RSA Insurance Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 499.47 ($6.52).
Shares of RSA Insurance Group plc (LON:RSA) opened at 542.00 on Friday. The firm’s market capitalization is GBX 5.52 billion. RSA Insurance Group plc has a 52 week low of GBX 371.00 and a 52 week high of GBX 546.50. The firm has a 50-day moving average price of GBX 507.47 and a 200-day moving average price of GBX 482.27.
The firm also recently declared a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 8th will be given a dividend of GBX 5 ($0.07) per share. This represents a yield of 0.99%. The ex-dividend date is Thursday, September 8th.
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, through brokers and affinity partners, principally in the United Kingdom and Ireland, Scandinavia and Canada. It operates through segments, including Scandinavia, Canada, UK & Ireland, Central Functions and non-core.
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