RBS (RBS) Rating Lowered to Underperform at BNP Paribas
RBS (LON:RBS) was downgraded by equities research analysts at BNP Paribas to an “underperform” rating in a research report issued on Friday. They presently have a GBX 195 ($2.44) target price on the financial services provider’s stock. BNP Paribas’ price objective would indicate a potential downside of 6.25% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. Macquarie restated a “neutral” rating and issued a GBX 190 ($2.37) price target on shares of RBS in a report on Thursday. Goldman Sachs Group Inc. reduced their target price on RBS from GBX 230 ($2.87) to GBX 225 ($2.81) and set a “buy” rating for the company in a research note on Monday. Royal Bank Of Canada reduced their target price on RBS from GBX 165 ($2.06) to GBX 160 ($2.00) and set an “underperform” rating for the company in a research note on Thursday, November 3rd. Deutsche Bank AG increased their target price on RBS from GBX 171 ($2.14) to GBX 172 ($2.15) and gave the stock a “sell” rating in a research report on Wednesday, November 2nd. Finally, Barclays PLC dropped their target price on RBS from GBX 200 ($2.50) to GBX 175 ($2.19) and set an “underweight” rating on the stock in a research report on Monday, October 31st. Eight analysts have rated the stock with a sell rating, nine have assigned 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 a consensus price target of GBX 231.75 ($2.90).
Shares of RBS (LON:RBS) opened at 204.90 on Friday. The firm’s market cap is GBX 24.08 billion. The firm’s 50-day moving average is GBX 187.58 and its 200-day moving average is GBX 198.65. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 320.30.
In related news, insider Ross McEwan purchased 141,363 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of GBX 187 ($2.34) per share, with a total value of £264,348.81 ($330,270.88).
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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