Barclays PLC Reiterates “Equal weight” Rating for Royal Bank of Scotland Group plc (RBS)
Royal Bank of Scotland Group plc (LON:RBS)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays PLC in a research note issued on Thursday. They currently have a GBX 260 ($3.45) price objective on the financial services provider’s stock. Barclays PLC’s price objective would indicate a potential downside of 4.17% from the company’s previous close.
RBS has been the topic of a number of other reports. Royal Bank Of Canada raised Royal Bank of Scotland Group plc from an “underperform” rating to a “sector performer” rating and lifted their price target for the stock from GBX 210 ($2.79) to GBX 240 ($3.18) in a research note on Monday, September 4th. Citigroup Inc. reaffirmed a “sell” rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, July 21st. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 210 ($2.79) price target on shares of Royal Bank of Scotland Group plc in a research note on Thursday, June 8th. Shore Capital reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, August 4th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 280 ($3.71) price target on shares of Royal Bank of Scotland Group plc in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 260.17 ($3.45).
Shares of Royal Bank of Scotland Group plc (RBS) opened at 273.80 on Thursday. The company has a 50-day moving average price of GBX 256.11 and a 200 day moving average price of GBX 252.75. Royal Bank of Scotland Group plc has a one year low of GBX 169.40 and a one year high of GBX 274.80. The company’s market capitalization is GBX 32.47 billion.
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Royal Bank of Scotland Group plc Company Profile
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.
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