Other equities research analysts have also issued reports about the company. Deutsche Bank AG decreased their price objective on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a hold rating for the company in a research report on Monday, June 27th. Goldman Sachs Group Inc. lowered RBS to a hold rating and decreased their price objective for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research report on Monday, June 27th. Investec restated a buy rating on shares of RBS in a research report on Thursday, August 25th. Societe Generale restated a hold rating on shares of RBS in a research report on Friday, June 17th. Finally, Jefferies Group lowered RBS to a hold rating and decreased their price objective for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research report on Monday, June 27th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. RBS has a consensus rating of Hold and a consensus target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 178.272 on Wednesday. The firm’s market capitalization is GBX 20.88 billion. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00. The firm has a 50-day moving average of GBX 192.72 and a 200 day moving average of GBX 209.03.
In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired 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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