Jefferies Group Trims RBS (RBS) Target Price to GBX 212
RBS (LON:RBS) had its target price reduced by Jefferies Group from GBX 227 ($2.96) to GBX 212 ($2.77) in a report released on Monday morning. They currently have a hold rating on the financial services provider’s stock.
A number of other research firms have also recently commented on RBS. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating and issued a GBX 375 ($4.89) target price on shares of RBS in a research report on Wednesday, June 1st. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 239 ($3.12) target price on shares of RBS in a research report on Wednesday, June 22nd. BNP Paribas reaffirmed an outperform rating and issued a GBX 275 ($3.59) target price on shares of RBS in a research report on Tuesday, June 21st. Societe Generale reaffirmed a hold rating on shares of RBS in a research report on Friday, June 17th. Finally, Investec cut shares of RBS to a sell rating and decreased their target price for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a research report on Monday, September 12th. Seven investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 239.19 ($3.12).
RBS (LON:RBS) opened at 183.50 on Monday. The stock has a 50 day moving average of GBX 193.54 and a 200-day moving average of GBX 210.86. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 336.00. The stock’s market cap is GBX 21.50 billion.
In related news, insider Noakes,Baroness Sheila purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
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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