RBS (RBS) Earns “Neutral” Rating from BNP Paribas
BNP Paribas reaffirmed their neutral rating on shares of RBS (LON:RBS) in a research note published on Tuesday. BNP Paribas currently has a GBX 180 ($2.23) price target on the financial services provider’s stock.
RBS has been the subject of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 235 ($2.91) target price on shares of RBS in a research report on Friday, August 5th. Deutsche Bank AG boosted their price objective on shares of RBS from GBX 171 ($2.12) to GBX 172 ($2.13) and gave the company a sell rating in a research report on Wednesday, November 2nd. Jefferies Group cut their price objective on shares of RBS from GBX 227 ($2.81) to GBX 212 ($2.63) and set a hold rating for the company in a research report on Monday, September 19th. Barclays PLC cut their price objective on shares of RBS from GBX 200 ($2.48) to GBX 175 ($2.17) and set an underweight rating for the company in a research report on Monday, October 31st. Finally, Societe Generale cut their price objective on shares of RBS from GBX 200 ($2.48) to GBX 170 ($2.11) and set a sell rating for the company in a research report on Monday, August 8th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 231.25 ($2.86).
Shares of RBS (LON:RBS) opened at 204.40 on Tuesday. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 320.30. The stock’s market cap is GBX 24.02 billion. The company has a 50 day moving average price of GBX 183.90 and a 200-day moving average price of GBX 199.94.
In other RBS news, insider Ross McEwan acquired 141,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average price of GBX 187 ($2.32) per share, for a total transaction of £264,348.81 ($327,448.05).
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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