RBS’s (RBS) Hold Rating Reiterated at Shore Capital
RBS (LON:RBS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Wednesday.
A number of other research analysts have also commented on RBS. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 235 ($3.07) target price on shares of RBS in a report on Friday, August 5th. Deutsche Bank AG lowered their target price on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a ” hold” rating on the stock in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 185 ($2.41) target price on shares of RBS in a report on Monday, June 27th. Jefferies Group lowered their target price on RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a “hold” rating on the stock in a report on Monday, September 19th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 180 ($2.35) target price on shares of RBS in a report on Monday, August 8th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 176.60 on Wednesday. The company’s market cap is GBX 20.69 billion. The firm’s 50 day moving average is GBX 192.84 and its 200-day moving average is GBX 209.50. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00.
In related news, insider Noakes,Baroness Sheila bought 20,000 shares of RBS stock in a transaction that occurred on Monday, August 8th. The stock was purchased 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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