RBS (LON:RBS) had its price objective decreased by stock analysts at Berenberg Bank from GBX 250 ($3.26) to GBX 200 ($2.61) in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 14.55% from the stock’s previous close.
A number of other research firms have also recently commented on RBS. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a GBX 375 ($4.89) target price on shares of RBS in a research note on Wednesday, June 1st. Deutsche Bank AG reissued a “hold” rating and issued a GBX 239 ($3.12) target price on shares of RBS in a research note on Wednesday, June 22nd. BNP Paribas reissued an “outperform” rating and issued a GBX 275 ($3.59) target price on shares of RBS in a research note on Tuesday, June 21st. Societe Generale reissued a “hold” rating on shares of RBS in a research note on Friday, June 17th. Finally, Investec cut RBS to a “sell” rating and reduced their target price for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a research note on Monday, September 12th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 174.60 on Wednesday. The firm’s market capitalization is GBX 20.45 billion. The stock has a 50 day moving average price of GBX 192.84 and a 200-day moving average price of GBX 209.50. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00.
In other news, insider Noakes,Baroness Sheila bought 20,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
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.
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