RBS (RBS) Receives Neutral Rating from BNP Paribas
BNP Paribas restated their neutral rating on shares of RBS (LON:RBS) in a research note published on Thursday morning. The firm currently has a GBX 180 ($2.35) target price on the financial services provider’s stock.
Several other research analysts have also recently issued reports on RBS. Goldman Sachs Group Inc. restated a conviction-buy rating and issued a GBX 375 ($4.89) target price on shares of RBS in a report on Wednesday, June 1st. Deutsche Bank AG restated a hold rating and issued a GBX 239 ($3.12) target price 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. Jefferies Group cut shares of RBS to a hold rating and cut their target price for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 185 ($2.41) price target on shares of RBS in a report on Monday, June 27th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 239.19 ($3.12).
RBS (LON:RBS) opened at 181.90 on Thursday. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 336.00. The firm’s market cap is GBX 21.31 billion. The firm’s 50-day moving average is GBX 193.56 and its 200 day moving average is GBX 210.69.
In other RBS news, insider Noakes,Baroness Sheila acquired 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average price of GBX 180 ($2.35) per share, with a total value 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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