RBS Rating Reiterated by Deutsche Bank (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, Analyst Ratings Network.com reports. They currently have a GBX 275 ($4.40) price target on the stock. Deutsche Bank’s price target points to a potential downside of 23.82% from the company’s current price.
A number of other analysts have also recently weighed in on RBS. Analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of RBS (LON:RBS) in a research note to investors on Friday. Separately, analysts at Investec reiterated a “sell” rating on shares of RBS (LON:RBS) in a research note to investors on Wednesday, September 18th. They now have a GBX 345 ($5.53) price target on the stock, up previously from GBX 340 ($5.45). Finally, analysts at UBS AG downgraded shares of RBS (LON:RBS) to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a GBX 365 ($5.85) 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 company. RBS currently has an average rating of “Hold” and a consensus price target of GBX 323 ($5.17).
RBS (LON:RBS) traded down 0.93% on Monday, hitting GBX 361.00. The stock had a trading volume of 7,807,079 shares. RBS has a 52 week low of GBX 250.602 and a 52 week high of GBX 374.60. The stock has a 50-day moving average of GBX 340.6 and a 200-day moving average of GBX 313.3. The company’s market cap is £40.335 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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