BNP Paribas Reiterates Neutral Rating for RBS (RBS)
RBS (LON:RBS)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a note issued to investors on Tuesday. They presently have a GBX 180 ($2.35) price target on the financial services provider’s stock. BNP Paribas’ target price would indicate a potential upside of 0.39% from the company’s current price.
Other research analysts have also recently issued reports about the company. Jefferies Group cut RBS to a “hold” rating and lowered their target price for the stock from GBX 370 ($4.83) to GBX 227 ($2.96) in a research note on Monday, June 27th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 150 ($1.96) price objective on shares of RBS in a research report on Tuesday. Societe Generale reaffirmed a “hold” rating on shares of RBS in a research report on Friday, June 17th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 200 ($2.61) price objective on shares of RBS in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 185 ($2.41) price objective on shares of RBS in a research report on Tuesday, July 26th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 236.57 ($3.09).
Shares of RBS (LON:RBS) opened at 180.50 on Tuesday. The firm’s market capitalization is GBX 21.14 billion. The company’s 50-day moving average price is GBX 191.31 and its 200 day moving average price is GBX 207.87. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 336.00.
In other news, insider Noakes,Baroness Sheila bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired 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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