BNP Paribas reiterated their neutral rating on shares of RBS (LON:RBS) in a research report sent to investors on Thursday morning. BNP Paribas currently has a GBX 180 ($2.35) target price on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG cut their target price on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a hold rating on the stock in a research report on Monday, June 27th. Goldman Sachs Group Inc. lowered RBS to a hold rating and cut their price target for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research report on Monday, June 27th. Investec reaffirmed a buy rating on shares of RBS in a research report on Thursday, August 25th. Jefferies Group lowered RBS to a hold rating and cut their price target for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research report on Monday, June 27th. Finally, Societe Generale reaffirmed a hold rating on shares of RBS in a research report on Friday, June 17th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 176.60 on Thursday. The stock’s market cap is GBX 20.69 billion. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 336.00. The stock’s 50 day moving average price is GBX 192.84 and its 200-day moving average price is GBX 209.50.
In other news, insider Noakes,Baroness Sheila purchased 20,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost 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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