RBS (RBS) Stock Rating Reaffirmed by Royal Bank Of Canada
RBS (LON:RBS)‘s stock had its “underperform” rating reiterated by analysts at Royal Bank Of Canada in a research report issued on Tuesday. They presently have a GBX 150 ($1.96) price target on the financial services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 16.34% from the stock’s previous close.
RBS has been the topic of a number of other research reports. Investec downgraded RBS to a “sell” rating and dropped their price target for the stock from GBX 205 ($2.68) to GBX 200 ($2.61) in a research report on Monday, September 12th. Societe Generale reissued a “sell” rating and set a GBX 200 ($2.61) price target on shares of RBS in a research report on Friday, September 9th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of RBS in a research report on Monday, July 4th. Deutsche Bank AG reissued a “hold” rating on shares of RBS in a research report on Thursday, June 30th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 180 ($2.35) price objective on shares of RBS in a research note on Thursday, September 22nd. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 179.30 on Tuesday. The company’s market cap is GBX 21.00 billion. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The company’s 50-day moving average is GBX 191.31 and its 200 day moving average is GBX 207.87.
In other RBS news, insider Noakes,Baroness Sheila bought 20,000 shares of RBS stock in a transaction on Monday, August 8th. The shares were bought at an average price of GBX 180 ($2.35) per share, for a total transaction 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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