Royal Bank Of Canada restated their underperform rating on shares of RBS (LON:RBS) in a report released on Tuesday. They currently have a GBX 150 ($1.96) price objective on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on RBS. Goldman Sachs Group Inc. restated a buy rating and issued a GBX 375 ($4.89) price objective on shares of RBS in a report on Wednesday, June 15th. Deutsche Bank AG restated a hold rating and issued a GBX 239 ($3.12) price objective on shares of RBS in a report on Thursday, June 16th. Societe Generale restated a hold rating on shares of RBS in a report on Friday, June 17th. BNP Paribas restated an outperform rating and issued a GBX 275 ($3.59) price objective on shares of RBS in a report on Tuesday, June 21st. Finally, Jefferies Group cut RBS to a hold rating and decreased their price objective for the company from GBX 370 ($4.83) to GBX 227 ($2.96) in a report on Monday, June 27th. 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 stock. The stock currently has an average rating of Hold and a consensus target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 186.40 on Tuesday. The company’s 50 day moving average price is GBX 190.49 and its 200 day moving average price is GBX 207.08. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The firm’s market cap is GBX 21.83 billion.
In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
RBS Company Profile
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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