BNP Paribas restated their neutral rating on shares of RBS (LON:RBS) in a report published on Tuesday morning. BNP Paribas currently has a GBX 180 ($2.35) price objective on the financial services provider’s stock.
A number of other research firms have also weighed in on RBS. Deutsche Bank AG reaffirmed a hold rating and set a GBX 239 ($3.12) price target on shares of RBS in a report on Wednesday, June 22nd. Societe Generale reaffirmed a hold rating on shares of RBS in a report on Friday, June 17th. Goldman Sachs Group Inc. reaffirmed a buy rating and set a GBX 375 ($4.89) price target on shares of RBS in a report on Wednesday, June 15th. Investec lowered shares of RBS to a sell rating and lowered their price target for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 185 ($2.41) price target on shares of RBS in a report on Monday, June 27th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 236.57 ($3.09).
Shares of RBS (LON:RBS) traded up 0.05% during mid-day trading on Tuesday, hitting GBX 182.50. 9,971,869 shares of the stock were exchanged. The company has a 50-day moving average of GBX 190.91 and a 200 day moving average of GBX 207.61. RBS has a one year low of GBX 148.40 and a one year high of GBX 336.00. The stock’s market cap is GBX 21.38 billion.
In other news, insider Noakes,Baroness Sheila acquired 20,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of GBX 180 ($2.35) per share, for a total transaction 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.
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