RBS Given “Buy” Rating at Shore Capital Stockbrokers (RBS)
RBS (LON:RBS)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Stockbrokers in a report issued on Monday, AR Network reports.
RBS has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. downgraded shares of RBS from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a GBX 325 ($5.19) price target on the stock, down previously from GBX 345 ($5.51). Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note to investors on Thursday. They now have a GBX 265 ($4.23) price target on the stock. Finally, 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 ($4.63) price target on the stock. Fifteen research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 322.04 ($5.14).
Shares of RBS (LON:RBS) traded down 1.38% during mid-day trading on Monday, hitting GBX 371.70. The stock had a trading volume of 12,404,244 shares. RBS has a 52 week low of GBX 260.00 and a 52 week high of GBX 387.40. The stock’s 50-day moving average is GBX 340.6 and its 200-day moving average is GBX 313.3. The company’s market cap is £41.530 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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