RBS Price Target Raised to GBX 290 at Citigroup Inc. (RBS)
Equities researchers at Citigroup Inc. raised their target price on shares of RBS (LON:RBS) from GBX 275 ($4.51) to GBX 290 ($4.76) in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target points to a potential downside of 16.67% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of RBS to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 300 ($4.92) price target on the stock, down previously from GBX 350 ($5.75). Separately, analysts at JPMorgan Chase & Co. downgraded shares of RBS to an “underweight” rating in a research note to investors on Monday. They now have a GBX 350 ($5.75) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of RBS in a research note to investors on Monday. They now have a GBX 370 ($6.07) price target on the stock. Seventeen equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 328.44 ($5.39).
Shares of RBS (LON:RBS) traded down 3.06% during mid-day trading on Wednesday, hitting GBX 348.00. The stock had a trading volume of 20,048,554 shares. 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 341.2 and its 200-day moving average is GBX 342.2. The company’s market cap is £39.056 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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