Macquarie Reiterates “Neutral” Rating for RBS (RBS)
RBS (LON:RBS)‘s stock had its “neutral” rating reissued by stock analysts at Macquarie in a report issued on Thursday. They currently have a GBX 190 ($2.37) price target on the financial services provider’s stock. Macquarie’s price objective would suggest a potential downside of 7.36% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. Deutsche Bank AG restated a “sell” rating and issued a GBX 170 ($2.12) target price on shares of RBS in a research note on Thursday, October 13th. Goldman Sachs Group Inc. decreased their target price on RBS from GBX 230 ($2.87) to GBX 225 ($2.81) and set a “buy” rating on the stock in a research note on Monday, November 14th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 150 ($1.87) target price on shares of RBS in a research note on Tuesday, October 4th. Barclays PLC restated an “underweight” rating and issued a GBX 200 ($2.50) target price on shares of RBS in a research note on Thursday, October 6th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 185 ($2.31) target price on shares of RBS in a research note on Tuesday, July 26th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 231.75 ($2.90).
RBS (LON:RBS) opened at 205.70 on Thursday. The stock’s 50 day moving average price is GBX 188.67 and its 200-day moving average price is GBX 198.49. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 315.70. The company’s market capitalization is GBX 24.17 billion.
In other news, insider Ross McEwan purchased 141,363 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average cost of GBX 187 ($2.34) per share, for a total transaction 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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