RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by Deutsche Bank AG in a research report issued on Thursday. They presently have a GBX 170 ($2.10) target price on the financial services provider’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 1.68% from the company’s current price.
RBS has been the topic of a number of other reports. Barclays PLC reiterated an “underweight” rating and set a GBX 200 ($2.48) price objective on shares of RBS in a research note on Thursday, October 6th. Investec lowered RBS to a “sell” rating and decreased their price objective for the company from GBX 205 ($2.54) to GBX 200 ($2.48) in a research note on Monday, September 12th. Societe Generale reiterated a “sell” rating and set a GBX 200 ($2.48) price objective on shares of RBS in a research note on Friday, September 9th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of RBS in a research note on Monday, July 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 150 ($1.86) price objective on shares of RBS in a research note on Tuesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 236.57 ($2.93).
RBS (LON:RBS) opened at 171.00 on Thursday. The firm has a 50-day moving average price of GBX 188.32 and a 200 day moving average price of GBX 205.13. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 332.00. The company’s market capitalization is GBX 20.03 billion.
In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of RBS stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average price of GBX 180 ($2.23) per share, with a total value of £36,000 ($44,554.46).
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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