RBS Downgraded to “Sell” at Investec (RBS)
RBS (LON:RBS) was downgraded by analysts at Investec to a “sell” rating in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. They currently have a GBX 345 ($5.69) target price on the stock, up from their previous target price of GBX 335 ($5.52). Investec’s price objective indicates a potential downside of 7.13% from the company’s current price.
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. They now have a GBX 265 ($4.37) price target on the stock. Separately, analysts at RBC Capital downgraded shares of RBS to an “underperform” rating in a research note to investors on Tuesday. They now have a GBX 310 ($5.11) price target on the stock, down previously from GBX 375 ($6.18). Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note to investors on Tuesday, January 7th. They now have a GBX 470 ($7.75) price target on the stock. Sixteen analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 326.29 ($5.38).
Shares of RBS (LON:RBS) opened at 365.60 on Friday. RBS has a 1-year low of GBX 264.972 and a 1-year high of GBX 387.50. The stock’s 50-day moving average is GBX 338.3 and its 200-day moving average is GBX 339.6. The company’s market cap is £41.031 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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