RBS (RBS) Given New GBX 225 Price Target at Goldman Sachs Group Inc.
RBS (LON:RBS) had its price objective decreased by analysts at Goldman Sachs Group Inc. from GBX 230 ($2.85) to GBX 225 ($2.79) in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 11.61% from the stock’s previous close.
Several other research analysts also recently weighed in on RBS. Deutsche Bank AG restated a “hold” rating and set a GBX 200 ($2.48) price objective on shares of RBS in a report on Wednesday, July 20th. BNP Paribas restated a “neutral” rating and set a GBX 200 ($2.48) price objective on shares of RBS in a report on Thursday, July 21st. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 185 ($2.29) price objective on shares of RBS in a report on Tuesday, July 26th. Shore Capital restated an “under review” rating on shares of RBS in a report on Friday, August 5th. Finally, Barclays PLC restated an “underweight” rating on shares of RBS in a report on Monday, August 8th. Seven 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’s stock. RBS has a consensus rating of “Hold” and a consensus price target of GBX 231 ($2.86).
RBS (LON:RBS) opened at 201.053 on Monday. The stock has a 50 day moving average of GBX 184.39 and a 200-day moving average of GBX 199.96. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 320.30. The company’s market cap is GBX 23.63 billion.
In other news, insider Ross McEwan bought 141,363 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were 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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