RBS’s “Sell” Rating Reaffirmed at Citigroup Inc. (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating restated by Citigroup Inc. in a research note issued on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 270 ($4.22) price objective on the stock. Citigroup Inc.’s price target would indicate a potential downside of 24.37% from the stock’s previous close.
RBS (LON:RBS) traded up 0.95% on Thursday, hitting GBX 360.40. 12,072,048 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 334.0 and a 200-day moving average of GBX 311.6. The company’s market cap is £40.267 billion.
RBS has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RBS (LON:RBS) in a research note to investors on Wednesday. They now have a GBX 335 ($5.24) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of RBS (LON:RBS) in a research note to investors on Tuesday. They now have a GBX 320 ($5.00) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of RBS (LON:RBS) in a research note to investors on Wednesday, September 4th. They now have a GBX 340 ($5.32) price target on the stock.
Fifteen research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 321.47 ($5.03).
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
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