RBS (RBS) Given New GBX 200 Price Target at Berenberg Bank
RBS (LON:RBS) had its target price lowered by Berenberg Bank from GBX 250 ($3.26) to GBX 200 ($2.61) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the financial services provider’s stock.
A number of other research firms also recently weighed in 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 Wednesday, June 22nd. BNP Paribas restated an outperform rating and issued a GBX 275 ($3.59) target price on shares of RBS in a report on Tuesday, June 21st. Societe Generale restated a hold rating on shares of RBS in a report on Friday, June 17th. Finally, Investec downgraded shares of RBS to a sell rating and reduced their target price for the stock from GBX 205 ($2.68) to GBX 200 ($2.61) in a report on Monday, September 12th. Seven investment 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’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 236.57 ($3.09).
Shares of RBS (LON:RBS) opened at 178.272 on Wednesday. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The firm’s 50 day moving average price is GBX 192.72 and its 200 day moving average price is GBX 209.03. The stock’s market cap is GBX 20.88 billion.
In other news, insider Noakes,Baroness Sheila acquired 20,000 shares of the company’s stock in a transaction on 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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