Resolution Ltd Downgraded to Underperform at Credit Suisse (RSL)

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Resolution Ltd (LON:RSL) was downgraded by stock analysts at Credit Suisse to an “underperform” rating in a report issued on Wednesday, American Banking News.com reports. They currently have a GBX 340 ($5.60) price target on the stock, up from their previous price target of GBX 265 ($4.37). Credit Suisse’s price objective points to a potential downside of 5.45% from the stock’s previous close.

Shares of Resolution Ltd (LON:RSL) opened at 357.50 on Wednesday. Resolution Ltd has a one year low of GBX 246.70 and a one year high of GBX 360.70. The stock’s 50-day moving average is GBX 341.9 and its 200-day moving average is GBX 330.9. The company’s market cap is £5.070 billion.

A number of other analysts have also recently weighed in on RSL. Analysts at Citigroup Inc. raised their price target on shares of Resolution Ltd from GBX 314 ($5.17) to GBX 350 ($5.77) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Resolution Ltd from GBX 302 ($4.98) to GBX 368 ($6.06) in a research note to investors on Tuesday, January 7th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Resolution Ltd in a research note to investors on Tuesday, December 17th. They now have a GBX 335 ($5.52) price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 335.93 ($5.54).

Resolution Limited provides public markets with a series of restructuring opportunities in the financial services industry within the United Kingdom and Western Europe.

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