RBS’s “Buy” Rating Reaffirmed at Liberum Capital (RBS)
RBS (LON:RBS)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report released on Wednesday, American Banking & Market News reports. They currently have a GBX 445 ($7.30) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 23.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of RBS from GBX 275 ($4.51) to GBX 290 ($4.76) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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). Finally, 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. Seventeen analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 328.44 ($5.39).
RBS (LON:RBS) opened at 349.977 on Wednesday. RBS has a one year low of GBX 264.972 and a one year high of GBX 387.50. The stock has a 50-day moving average of GBX 340.7 and a 200-day moving average of GBX 341.7. The company’s market cap is £39.278 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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