Goldman Sachs Remains a Hold on Insurance Australia Group Limited (IAUGF)
Goldman Sachs analyst Julian Braganza maintained a Hold rating on Insurance Australia Group Limited (IAUGF – Research Report) on May 16 and set a price target of A$8.30. The company's shares closed last Friday at $5.42.
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According to TipRanks, Braganza is a 4-star analyst with an average return of 11.5% and a 71.93% success rate. Braganza covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Insurance Australia Group Limited, and Suncorp Group.
Currently, the analyst consensus on Insurance Australia Group Limited is a Moderate Buy with an average price target of $5.68, which is a 4.76% upside from current levels. In a report released today, UBS also downgraded the stock to a Hold with a A$9.30 price target.
The company has a one-year high of $6.17 and a one-year low of $3.94. Currently, Insurance Australia Group Limited has an average volume of 1,975.
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