RBS (RBS) Given “Sell” Rating at Deutsche Bank AG
RBS (LON:RBS)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They presently have a GBX 170 ($2.10) target price on the financial services provider’s stock. Deutsche Bank AG’s price target points to a potential downside of 3.90% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Jefferies Group cut RBS to a “hold” rating and decreased their target price for the stock from GBX 370 ($4.58) to GBX 227 ($2.81) in a report on Monday, June 27th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 200 ($2.48) target price on shares of RBS in a report on Tuesday, July 12th. Societe Generale reaffirmed a “hold” rating on shares of RBS in a report on Friday, June 17th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 180 ($2.23) target price on shares of RBS in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 185 ($2.29) target price on shares of RBS in a report on Tuesday, July 26th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 236.57 ($2.93).
RBS (LON:RBS) opened at 172.90 on Thursday. The stock has a 50 day moving average price of GBX 189.71 and a 200 day moving average price of GBX 205.59. The stock’s market capitalization is GBX 20.25 billion. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 332.00.
In other news, insider Noakes,Baroness Sheila purchased 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were acquired at an average cost of GBX 180 ($2.23) per share, with a total value of £36,000 ($44,554.46).
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.
Receive News & Stock Ratings for RBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBS and related stocks with our FREE daily email newsletter.