BNP Paribas Reiterates Neutral Rating for RBS (RBS)
RBS (LON:RBS)‘s stock had its “neutral” rating reaffirmed by BNP Paribas in a research report issued on Tuesday. They currently have a GBX 180 ($2.35) price target on the financial services provider’s stock. BNP Paribas’ target price suggests a potential upside of 0.39% from the stock’s previous close.
Several other equities research analysts have also recently commented on RBS. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 375 ($4.89) target price on shares of RBS in a report on Wednesday, June 15th. Deutsche Bank AG restated a “hold” rating and issued a GBX 239 ($3.12) price target on shares of RBS in a research report on Thursday, June 16th. Societe Generale restated a “hold” rating on shares of RBS in a research report on Friday, June 17th. Jefferies Group lowered shares of RBS to a “hold” rating and decreased their price target for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research report on Monday, June 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 185 ($2.41) price target on shares of RBS in a research report on Monday, June 27th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 180.50 on Tuesday. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 336.00. The company has a 50 day moving average price of GBX 191.31 and a 200 day moving average price of GBX 207.87. The stock’s market capitalization is GBX 21.14 billion.
In other news, insider Noakes,Baroness Sheila acquired 20,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of GBX 180 ($2.35) per share, with a total value 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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