RBS (RBS) Stock Rating Reaffirmed by Barclays PLC
RBS (LON:RBS)‘s stock had its “underweight” rating restated by Barclays PLC in a note issued to investors on Thursday. They presently have a GBX 200 ($2.61) price objective on the financial services provider’s stock. Barclays PLC’s price objective points to a potential upside of 9.95% from the stock’s previous close.
Several other research firms have also recently weighed in on RBS. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 150 ($1.96) price target on shares of RBS in a report on Tuesday, October 4th. Deutsche Bank AG cut RBS to a “sell” rating and dropped their price target for the stock from GBX 200 ($2.61) to GBX 170 ($2.22) in a report on Monday, September 5th. Investec cut RBS to a “hold” rating and dropped their price target for the stock from GBX 230 ($3.00) to GBX 205 ($2.68) in a report on Wednesday, August 10th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of RBS in a report on Monday, July 4th. Finally, Jefferies Group cut RBS to a “hold” rating and dropped their price target for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a report on Monday, June 27th. Seven equities 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 company currently has a consensus rating of “Hold” and an average target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 178.20 on Thursday. RBS has a 1-year low of GBX 148.40 and a 1-year high of GBX 336.00. The firm’s market cap is GBX 20.87 billion. The firm has a 50-day moving average price of GBX 190.25 and a 200-day moving average price of GBX 206.91.
In other RBS news, insider Noakes,Baroness Sheila acquired 20,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average cost 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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