Will RSA Insurance (RSA.L) break the key resistance level, or will it drop back to the 502p support once more? (-6%)?

• Now trading near the 536p resistance at 534.0p (at time of writing).
• Will the shares fall again to recent support of 502p? (-6%).
• Shares -10% from 12-month highs; +7% from 12 month lows.

Latest News

04 Sep:  Charlotte Jones, Executive Director, has transferred 21,415 shares in the firm on the 3rd September 2019p. This Director currently has 21,415 shares.

03 Sep:  Barclays Capital reiterates its overweight rating on RSA Insurance Group (RSA) and increased the target price to 603p (from 600p).

09 Aug:  Peel Hunt reiterates its buy rating on RSA Insurance Group (RSA) and reduced the target price to 600p (from 620p).

02 Aug:  UBS reiterates its buy rating on RSA Insurance Group (RSA) and increased the target price to 630p (from 600p).

01 Aug:  RSA, the insurer, reported an rise in H1 operating profits. This was due to robust performance in the company’s Personal Lines business.  Group operating profits, excluding exits, rose to £308m from £280m.

09 Jul:  RBC Capital Markets reiterates its outperform rating on RSA Insurance Group (RSA) and increased the target price to 675p (from 650p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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