Deutsche Bank AG Reiterates “Sell” Rating for RBS (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by equities researchers at Deutsche Bank AG in a research note issued on Thursday. They presently have a GBX 172 ($2.15) price objective on the financial services provider’s stock. Deutsche Bank AG’s price target points to a potential downside of 12.11% from the company’s current price.
A number of other research firms also recently weighed in on RBS. BNP Paribas restated a “neutral” rating and set a GBX 200 ($2.50) price target on shares of RBS in a research report on Monday, August 1st. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 235 ($2.94) price target on shares of RBS in a research report on Friday, August 5th. Shore Capital restated an “under review” rating on shares of RBS in a research report on Friday, August 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 185 ($2.31) price target on shares of RBS in a research report on Monday, August 8th. Finally, Barclays PLC restated an “underweight” rating on shares of RBS in a research report on Monday, August 8th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 232.50 ($2.90).
RBS (LON:RBS) opened at 197.30 on Thursday. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 315.70. The stock has a 50 day moving average price of GBX 191.60 and a 200-day moving average price of GBX 198.16. The firm’s market capitalization is GBX 23.18 billion.
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In related news, insider Ross McEwan bought 141,363 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was acquired 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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