RBS (LON:RBS) had its target price cut by Berenberg Bank from GBX 250 ($3.26) to GBX 200 ($2.61) in a report published on Wednesday morning. They currently have a hold rating on the financial services provider’s stock.
RBS has been the subject of several other research reports. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 235 ($3.07) price target on shares of RBS in a report on Friday, August 5th. Deutsche Bank AG cut their price target on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a hold rating for the company in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 185 ($2.41) price target on shares of RBS in a report on Monday, June 27th. Jefferies Group cut their price target on RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a hold rating for the company in a report on Monday, September 19th. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 180 ($2.35) price target on shares of RBS in a report on Monday, August 8th. Seven equities research 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. The stock presently has an average rating of Hold and an average price target of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 181.30 on Wednesday. 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. The stock has a 50 day moving average price of GBX 191.31 and a 200 day moving average price of GBX 207.87.
In related news, insider Noakes,Baroness Sheila purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average price of GBX 180 ($2.35) per share, with a total value 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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