RBS Receives “Outperform” Rating from Sanford C. Bernstein (RBS)
RBS (LON:RBS)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday, AnalystRatings.Net reports. They currently have a GBX 470 ($7.71) price objective on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 34.13% from the stock’s previous close.
RBS has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of RBS in a research note to investors on Monday, December 23rd. They now have a GBX 374 ($6.13) price target on the stock. Separately, analysts at HSBC downgraded shares of RBS to an “underweight” rating in a research note to investors on Wednesday, December 18th. They now have a GBX 300 ($4.92) price target on the stock. Finally, analysts at AlphaValue upgraded shares of RBS to a “reduce” rating in a research note to investors on Monday, December 16th. They now have a GBX 294.60 ($4.83) price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. RBS presently has a consensus rating of “Hold” and an average target price of GBX 326.46 ($5.35).
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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