Royal Bank Scotland Rating Lowered to Underperform at Zacks (RBS)
Royal Bank Scotland (NYSE:RBS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday, ARN reports. They currently have a $10.60 target price on the stock. Zacks‘ price objective indicates a potential downside of 5.02% from the stock’s previous close.
Shares of Royal Bank Scotland (NYSE:RBS) traded up 1.25% during mid-day trading on Friday, hitting $11.30. 281,718 shares of the company’s stock traded hands. Royal Bank Scotland has a 1-year low of $8.12 and a 1-year high of $12.37. The stock has a 50-day moving average of $10.76 and a 200-day moving average of $10.64. The company’s market cap is $63.410 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC downgraded shares of Royal Bank Scotland from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, December 18th. Separately, analysts at Investec upgraded shares of Royal Bank Scotland from a “sell” rating to a “hold” rating in a research note to investors on Thursday, November 14th. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Royal Bank Scotland from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.60.
The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.
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