Investec Downgrades Royal Bank of Scotland Group plc to Sell (RBS)
Royal Bank of Scotland Group plc (NYSE:RBS) traded up 0.09% during mid-day trading on Thursday, hitting $11.44. The stock had a trading volume of 88,137 shares. Royal Bank of Scotland Group plc has a 52 week low of $8.15 and a 52 week high of $12.44. The stock has a 50-day moving average of $10.98 and a 200-day moving average of $10.94. The company’s market cap is $64.527 billion.
A number of other firms have also recently commented on RBS. Analysts at Zacks upgraded shares of Royal Bank of Scotland Group plc from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $12.40 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Royal Bank of Scotland Group plc from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.40.
The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.
Stay on top of analysts' upgrades and downgrades with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' ratings changes. Register Now.