Barclays PLC reaffirmed their underweight rating on shares of RBS (LON:RBS) in a research note published on Thursday. The brokerage currently has a GBX 200 ($2.48) price target on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on RBS. Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 375 ($4.64) price target on shares of RBS in a research note on Wednesday, June 15th. Deutsche Bank AG restated a hold rating and issued a GBX 239 ($2.96) target price on shares of RBS in a research note on Thursday, June 16th. Societe Generale restated a hold rating on shares of RBS in a research note on Friday, June 17th. BNP Paribas restated an outperform rating and issued a GBX 275 ($3.40) target price on shares of RBS in a research note on Tuesday, June 21st. Finally, Jefferies Group downgraded RBS to a hold rating and cut their target price for the stock from GBX 370 ($4.58) to GBX 227 ($2.81) in a research note on Monday, June 27th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. RBS currently has an average rating of Hold and an average target price of GBX 236.57 ($2.93).
RBS (LON:RBS) opened at 181.00 on Thursday. The stock’s 50 day moving average price is GBX 189.83 and its 200 day moving average price is GBX 205.86. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 332.00. The firm’s market capitalization is GBX 21.20 billion.
In other news, insider Noakes,Baroness Sheila bought 20,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of GBX 180 ($2.23) per share, for a total transaction of £36,000 ($44,554.46).
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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