Jefferies Group Trims RBS (RBS) Target Price to GBX 212
RBS (LON:RBS) had its price target trimmed by Jefferies Group from GBX 227 ($2.96) to GBX 212 ($2.77) in a report issued on Monday. The brokerage currently has a hold rating on the financial services provider’s stock.
RBS has been the subject of several other research reports. Investec downgraded shares of RBS to a sell rating and lowered their target price for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a report on Monday, September 12th. Societe Generale reiterated a sell rating and issued a GBX 200 ($2.61) target price on shares of RBS in a report on Friday, September 9th. Goldman Sachs Group Inc. reiterated a conviction-buy rating on shares of RBS in a report on Monday, July 4th. Deutsche Bank AG reiterated a hold rating on shares of RBS in a report on Thursday, June 30th. Finally, BNP Paribas reiterated a neutral rating and issued a GBX 200 ($2.61) target price on shares of RBS in a report on Thursday, July 21st. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. RBS has an average rating of Hold and an average target price of GBX 239.19 ($3.12).
Shares of RBS (LON:RBS) opened at 184.20 on Monday. RBS has a one year low of GBX 148.40 and a one year high of GBX 336.00. The stock’s 50 day moving average is GBX 193.56 and its 200-day moving average is GBX 210.69. The company’s market cap is GBX 21.58 billion.
In related news, insider Noakes,Baroness Sheila purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average cost of GBX 180 ($2.35) per share, for a total transaction 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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