RBS (LON:RBS)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Tuesday. They presently have a GBX 180 ($2.35) price target on the financial services provider’s stock. BNP Paribas’ target price points to a potential downside of 2.07% from the stock’s previous close.
RBS has been the topic of a number of other research reports. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 235 ($3.07) price objective on shares of RBS in a report on Friday, August 5th. Deutsche Bank AG decreased their price objective on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a ” hold” rating on the stock in a report on Monday, June 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 185 ($2.41) price objective on shares of RBS in a report on Monday, June 27th. Jefferies Group decreased their price objective on RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a “hold” rating on the stock in a report on Monday, September 19th. Finally, Societe Generale decreased their price objective on RBS from GBX 200 ($2.61) to GBX 170 ($2.22) and set a “sell” rating on the stock in a report on Monday, August 8th. 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 stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 183.80 on Tuesday. The firm’s 50-day moving average is GBX 190.66 and its 200-day moving average is GBX 207.24. The company’s market cap is GBX 21.53 billion. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00.
In other news, insider Noakes,Baroness Sheila bought 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, 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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