RBS Receives “Reduce” Rating from Nomura (RBS)
RBS (LON:RBS)‘s stock had its “reduce” rating reiterated by Nomura in a research note issued on Monday, StockRatingsNetwork reports. They currently have a GBX 270 ($4.37) price objective on the stock. Nomura’s price target would suggest a potential downside of 20.59% from the company’s current price.
RBS has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “sell” rating on shares of RBS in a research note to investors on Friday, October 18th. They now have a GBX 345 ($5.58) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of RBS in a research note to investors on Friday, October 18th. They now have a GBX 275 ($4.45) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of RBS in a research note to investors on Thursday, October 17th. They now have a GBX 360 ($5.82) price target on the stock. Fourteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 330.86 ($5.35).
Shares of RBS (LON:RBS) traded down 7.23% during mid-day trading on Monday, hitting GBX 340.00. 47,673,272 shares of the company’s stock traded hands. RBS has a 52 week low of GBX 264.972 and a 52 week high of GBX 387.50. The stock’s 50-day moving average is GBX 367.1 and its 200-day moving average is GBX 329.6. The company’s market cap is £38.043 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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