RBS (RBS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of RBS (LON:RBS) have been given an average rating of “Hold” by the twenty-two ratings firms that are currently covering the firm. Eight research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 234.21 ($2.93).
Several equities research analysts have commented on the stock. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 200 ($2.50) price target on shares of RBS in a report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 235 ($2.94) price target on shares of RBS in a report on Friday, August 5th. Shore Capital reaffirmed an “under review” rating on shares of RBS in a report on Friday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 185 ($2.31) price target on shares of RBS in a report on Monday, August 8th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 200 ($2.50) price target on shares of RBS in a report on Monday, August 8th.
In other news, insider Ross McEwan acquired 141,363 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of GBX 187 ($2.34) per share, with a total value of £264,348.81 ($330,270.88).
Shares of RBS (LON:RBS) traded down 0.84% during midday trading on Friday, hitting GBX 201.50. The stock had a trading volume of 8,569,970 shares. The firm has a 50 day moving average price of GBX 191.60 and a 200-day moving average price of GBX 198.17. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 315.70. The stock’s market cap is GBX 23.68 billion.
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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