RBS (LON:RBS)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays PLC in a note issued to investors on Thursday. They currently have a GBX 200 ($2.61) price objective on the financial services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 8.81% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Investec cut shares of RBS to a “sell” rating and lowered their target price for the stock from GBX 205 ($2.68) to GBX 200 ($2.61) in a research note on Monday, September 12th. Societe Generale reiterated a “sell” rating and issued a GBX 200 ($2.61) target price on shares of RBS in a research note on Friday, September 9th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of RBS in a research note on Monday, July 4th. Deutsche Bank AG reiterated a “hold” rating on shares of RBS in a research note on Thursday, June 30th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 180 ($2.35) target price on shares of RBS in a research note on Thursday, September 22nd. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 188.9038 on Thursday. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00. The company has a 50-day moving average of GBX 190.66 and a 200-day moving average of GBX 207.24. The company’s market capitalization is GBX 22.13 billion.
In other news, insider Noakes,Baroness Sheila purchased 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were acquired at an average price of GBX 180 ($2.35) per share, with a total value of £36,000 ($46,991.25).
RBS Company Profile
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.
Receive News & Ratings for RBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBS and related companies with MarketBeat.com's FREE daily email newsletter.