RBS Given “Underperform” Rating at Credit Suisse (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 265 ($4.25) price objective on the stock. Credit Suisse’s price objective suggests a potential downside of 31.15% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “sell” rating on shares of RBS in a research note to investors on Thursday, October 3rd. They now have a GBX 290 ($4.65) price target on the stock. Separately, analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of RBS in a research note to investors on Tuesday, October 1st. Finally, analysts at Numis Securities Ltd downgraded shares of RBS to an “add” rating in a research note to investors on Monday, September 30th. Fourteen research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 321.93 ($5.16).
RBS (LON:RBS) traded up 4.11% during mid-day trading on Thursday, hitting GBX 384.90. The stock had a trading volume of 11,478,774 shares. RBS has a 52-week low of GBX 258.00 and a 52-week high of GBX 380.60. 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 £43.005 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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