RBS Receives Sell Rating from Citigroup Inc. (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating restated by Citigroup Inc. in a research note issued on Wednesday, ARN reports. They currently have a GBX 275 ($4.45) price objective on the stock. Citigroup Inc.’s target price indicates a potential downside of 25.35% from the stock’s previous close.
A number of other analysts have also recently weighed in on RBS. Analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note to investors on Tuesday, October 22nd. They now have a GBX 265 ($4.29) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note to investors on Tuesday, October 22nd. They now have a GBX 490 ($7.92) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of RBS in a research note to investors on Tuesday, October 22nd. They now have a GBX 365 ($5.90) price target on the stock. Fourteen research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. RBS has an average rating of “Hold” and a consensus price target of GBX 328.54 ($5.31).
RBS (LON:RBS) traded up 3.34% during mid-day trading on Wednesday, hitting GBX 368.40. The stock had a trading volume of 18,371,056 shares. RBS has a 52-week low of GBX 264.972 and a 52-week high of GBX 387.50. The stock has a 50-day moving average of GBX 361.3 and a 200-day moving average of GBX 323.5. The company’s market cap is £41.161 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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