Goldman Sachs Group Inc. Boosts RBS (RBS) Price Target to GBX 240
RBS (LON:RBS) had its price objective raised by Goldman Sachs Group Inc. from GBX 225 ($2.79) to GBX 240 ($2.98) in a report published on Friday. Goldman Sachs Group Inc. currently has a buy rating on the financial services provider’s stock.
Several other brokerages have also recently issued reports on RBS. Royal Bank Of Canada restated an underperform rating and issued a GBX 150 ($1.86) price target on shares of RBS in a research report on Tuesday, October 4th. Deutsche Bank AG cut shares of RBS to a sell rating and decreased their price target for the company from GBX 200 ($2.48) to GBX 170 ($2.11) in a research report on Monday, September 5th. Investec cut shares of RBS to a hold rating and decreased their price target for the company from GBX 230 ($2.85) to GBX 205 ($2.54) in a research report on Wednesday, August 10th. Macquarie restated a neutral rating and issued a GBX 190 ($2.36) price target on shares of RBS in a research report on Wednesday, November 2nd. Finally, Barclays PLC restated an underweight rating and issued a GBX 200 ($2.48) price target on shares of RBS in a research report on Tuesday, September 13th. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. RBS presently has an average rating of Hold and an average target price of GBX 230 ($2.85).
Shares of RBS (LON:RBS) opened at 188.90 on Friday. The company has a 50 day moving average of GBX 192.16 and a 200-day moving average of GBX 197.82. RBS has a one year low of GBX 148.40 and a one year high of GBX 315.70. The firm’s market cap is GBX 22.20 billion.
In other news, insider Ross McEwan purchased 141,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average cost of GBX 187 ($2.32) per share, with a total value of £264,348.81 ($327,935.50).
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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