RBS (RBS) Rating Reiterated by Deutsche Bank AG
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank AG in a research report issued on Thursday.
Several other equities research analysts have also weighed in on RBS. Morgan Stanley lowered their price objective on RBS from GBX 295 ($3.93) to GBX 290 ($3.86) and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a GBX 375 ($4.99) price objective on shares of RBS in a research note on Wednesday, June 1st. BNP Paribas lowered RBS to a “neutral” rating and set a GBX 230 ($3.06) price objective on the stock. in a research note on Monday, June 27th. Societe Generale reiterated a “hold” rating on shares of RBS in a research note on Friday, June 17th. Finally, Investec lowered RBS to a “sell” rating and lowered their price objective for the company from GBX 205 ($2.73) to GBX 200 ($2.66) in a research note on Monday, September 12th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. RBS presently has a consensus rating of “Hold” and a consensus target price of GBX 239.19 ($3.19).
RBS (LON:RBS) opened at 188.00 on Thursday. The firm’s market capitalization is GBX 22.02 billion. The stock’s 50 day moving average price is GBX 194.08 and its 200 day moving average price is GBX 211.83. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 336.00.
In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of GBX 180 ($2.40) per share, for a total transaction of £36,000 ($47,948.85).
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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