RBS (LON:RBS) had its target price decreased by stock analysts at Goldman Sachs Group Inc. from GBX 240 ($3.13) to GBX 230 ($3.00) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 29.58% from the company’s current price.
Several other equities analysts have also weighed in on RBS. BNP Paribas lowered RBS to a “neutral” rating and set a GBX 230 ($3.00) price target for the company. in a research note on Monday, June 27th. Societe Generale restated a “hold” rating on shares of RBS in a research note on Friday, June 17th. Deutsche Bank AG restated a “sell” rating on shares of RBS in a research note on Thursday, September 15th. Barclays PLC set a GBX 200 ($2.61) price target on RBS and gave the company a “sell” rating in a research note on Monday, June 27th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 165 ($2.15) price target on shares of RBS in a research note on Monday, June 27th. Seven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. RBS presently has an average rating of “Hold” and an average price target of GBX 238.95 ($3.12).
Shares of RBS (LON:RBS) opened at 173.77 on Tuesday. The stock has a 50 day moving average price of GBX 193.45 and a 200 day moving average price of GBX 209.74. The stock’s market capitalization is GBX 20.36 billion. RBS has a one year low of GBX 148.40 and a one year high of GBX 336.00.
In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was 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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