RBS (RBS) Earns Underweight Rating from Barclays PLC
RBS (LON:RBS)‘s stock had its “underweight” rating reaffirmed by stock analysts at Barclays PLC in a research note issued to investors on Thursday. They currently have a GBX 200 ($2.61) target price on the financial services provider’s stock. Barclays PLC’s target price would suggest a potential upside of 8.81% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Deutsche Bank AG reiterated a “hold” rating on shares of RBS in a report on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of RBS in a report on Monday, July 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 150 ($1.96) price target on shares of RBS in a report on Tuesday. Societe Generale reiterated a “sell” rating and set a GBX 200 ($2.61) price target on shares of RBS in a report on Sunday, July 3rd. Finally, Investec reiterated a “buy” rating on shares of RBS in a report on Thursday, August 25th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 236.57 ($3.09).
RBS (LON:RBS) opened at 188.9038 on Thursday. The company’s 50 day moving average price is GBX 190.66 and its 200 day moving average price is GBX 207.24. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The firm’s market cap is GBX 22.13 billion.
In other news, insider Noakes,Baroness Sheila acquired 20,000 shares of the firm’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).
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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