RBS Receives Sell Rating from Investec (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reiterated by equities research analysts at Investec in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of RBS (LON:RBS) to a “neutral” rating in a research note to investors on Tuesday. They now have a GBX 365 ($5.80) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of RBS (LON:RBS) in a research note to investors on Thursday, September 12th. They now have a GBX 270 ($4.29) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RBS (LON:RBS) in a research note to investors on Wednesday, September 11th. They now have a GBX 335 ($5.32) price target on the stock.
Fifteen research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 322.12 ($5.11).
RBS (LON:RBS) traded up 0.50% on Wednesday, hitting GBX 364.30. 6,581,507 shares of the company’s stock traded hands. RBS has a 52-week low of GBX 250.602 and a 52-week high of GBX 370.62. The stock’s 50-day moving average is GBX 336. and its 200-day moving average is GBX 312.2. The company’s market cap is £40.703 billion.
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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