RBS (LON:RBS) has received an average recommendation of “Hold” from the twenty-two ratings firms that are covering the firm. Seven research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 233.40 ($2.84).
Several analysts have weighed in on RBS shares. BNP Paribas reiterated an “outperform” rating and set a GBX 275 ($3.35) price target on shares of RBS in a research note on Tuesday, June 21st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 239 ($2.91) price target on shares of RBS in a research note on Wednesday, June 22nd. Jefferies Group downgraded RBS to a “hold” rating and dropped their price target for the company from GBX 370 ($4.51) to GBX 227 ($2.77) in a research note on Monday, June 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 185 ($2.25) target price on shares of RBS in a research note on Monday, June 27th. Finally, Barclays PLC set a GBX 200 ($2.44) target price on RBS and gave the stock a “sell” rating in a research note on Monday, June 27th.
In other RBS news, insider Noakes,Baroness Sheila purchased 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of GBX 180 ($2.19) per share, for a total transaction of £36,000 ($43,875.69).
RBS (LON:RBS) traded up 1.35% on Wednesday, reaching GBX 180.00. 11,482,579 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 187.12 and its 200 day moving average is GBX 204.20. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 332.00. The firm’s market cap is GBX 21.09 billion.
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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