RBS (RBS) PT Raised to GBX 240
RBS (LON:RBS) had its target price hoisted by equities researchers at Goldman Sachs Group Inc. from GBX 225 ($2.79) to GBX 240 ($2.98) in a report issued on Friday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 22.64% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BNP Paribas reaffirmed a “neutral” rating and set a GBX 180 ($2.23) price objective on shares of RBS in a research report on Monday, August 8th. Investec cut shares of RBS to a “hold” rating and decreased their price objective for the stock from GBX 230 ($2.85) to GBX 205 ($2.54) in a research report on Wednesday, August 10th. Barclays PLC reissued an “underweight” rating on shares of RBS in a research report on Monday, August 8th. Deutsche Bank AG boosted their price target on shares of RBS from GBX 171 ($2.12) to GBX 172 ($2.13) and gave the company a “sell” rating in a research report on Wednesday, November 2nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 185 ($2.30) price target on shares of RBS in a research report on Monday, August 8th. Nine investment 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 stock has a consensus rating of “Hold” and an average price target of GBX 230 ($2.85).
Shares of RBS (LON:RBS) opened at 196.20 on Friday. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 315.70. The firm’s market capitalization is GBX 23.06 billion. The stock’s 50 day moving average price is GBX 192.16 and its 200-day moving average price is GBX 197.82.
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In related news, insider Ross McEwan purchased 141,363 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were bought at an average price of GBX 187 ($2.32) per share, with a total value of £264,348.81 ($327,935.50).
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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