Credit Suisse Group Cuts Royal Bank of Scotland Group (RBS) Price Target to GBX 300
Royal Bank of Scotland Group (LON:RBS) had its price target dropped by equities researchers at Credit Suisse Group from GBX 320 ($4.17) to GBX 300 ($3.91) in a research note issued on Monday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 14.24% from the stock’s previous close.
A number of other analysts have also recently commented on the company. HSBC raised Royal Bank of Scotland Group to a “buy” rating and lifted their price target for the stock from GBX 280 ($3.65) to GBX 290 ($3.78) in a research report on Friday, August 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 340 ($4.43) price target on shares of Royal Bank of Scotland Group in a research report on Thursday, August 9th. Societe Generale raised Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Deutsche Bank lowered their price target on Royal Bank of Scotland Group from GBX 268.40 ($3.50) to GBX 245.70 ($3.20) and set a “buy” rating for the company in a research report on Monday, July 16th. Finally, Citigroup raised Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Royal Bank of Scotland Group currently has an average rating of “Buy” and a consensus target price of GBX 311.91 ($4.06).
Shares of RBS opened at GBX 262.60 ($3.42) on Monday. Royal Bank of Scotland Group has a one year low of GBX 221.80 ($2.89) and a one year high of GBX 304.20 ($3.96).
The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.
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