RBS’s (RBS) “Hold” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of RBS (LON:RBS) in a report published on Wednesday morning.

RBS has been the subject of several other reports. Investec lowered shares of RBS to a sell rating and decreased their price objective for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a research report on Monday, September 12th. Societe Generale reaffirmed a sell rating and set a GBX 200 ($2.61) price objective on shares of RBS in a research note on Friday, September 9th. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating on shares of RBS in a research note on Monday, July 4th. Deutsche Bank AG reaffirmed a hold rating on shares of RBS in a research note on Thursday, June 30th. Finally, BNP Paribas reissued a neutral rating and issued a GBX 180 ($2.35) price target on shares of RBS in a research note on Thursday, September 22nd. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. RBS presently has an average rating of Hold and a consensus target price of GBX 236.57 ($3.09).

Analyst Recommendations for RBS (LON:RBS)

RBS (LON:RBS) opened at 181.30 on Wednesday. The firm has a 50 day moving average of GBX 191.31 and a 200-day moving average of GBX 207.87. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The company’s market capitalization is GBX 21.24 billion.

In other news, insider Noakes,Baroness Sheila acquired 20,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were bought at an average cost 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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