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Morgan Stanley Reaffirms Their Hold Rating on Insurance Australia Group Limited (IAUGF)

Morgan Stanley Reaffirms Their Hold Rating on Insurance Australia Group Limited (IAUGF)

In a report released today, Andrei Stadnik from Morgan Stanley maintained a Hold rating on Insurance Australia Group Limited (IAUGF – Research Report), with a price target of A$8.40. The company's shares closed yesterday at $5.87.
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According to TipRanks, Stadnik is a 4-star analyst with an average return of 6.6% and a 54.79% success rate. Stadnik covers the Financial sector, focusing on stocks such as ASX , Macquarie Group Limited, and Suncorp Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Insurance Australia Group Limited with a $5.71 average price target.
The company has a one-year high of $6.39 and a one-year low of $4.00. Currently, Insurance Australia Group Limited has an average volume of 2,594.
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