RBS Given Buy Rating at Shore Capital Stockbrokers (RBS)
RBS (LON:RBS)‘s stock had its “buy” rating reaffirmed by Shore Capital Stockbrokers in a research note issued on Friday, American Banking News reports.
RBS has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “sell” rating on shares of RBS (LON:RBS) in a research note to investors on Wednesday. They now have a GBX 345 ($5.48) price target on the stock, up previously from GBX 340 ($5.40). Separately, 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. Finally, 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.
Fourteen analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 323 ($5.13).
RBS (LON:RBS) traded down 1.41% during mid-day trading on Friday, hitting GBX 363.80. 8,108,368 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 374.60. The stock’s 50-day moving average is GBX 339.4 and its 200-day moving average is GBX 312.9. The company’s market cap is £40.647 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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