RBS’s “Sell” Rating Reaffirmed at Deutsche Bank (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank in a report released on Friday, ARN reports. They currently have a GBX 320 ($5.25) price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 5.81% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note to investors on Wednesday. They now have a GBX 265 ($4.35) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of RBS in a research note to investors on Wednesday. They now have a GBX 445 ($7.30) price target on the stock. Finally, 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. 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 stock. The stock has a consensus rating of “Hold” and an average target price of GBX 328.44 ($5.39).
Shares of RBS (LON:RBS) traded down 1.47% on Friday, hitting GBX 339.73. The stock had a trading volume of 12,940,787 shares. RBS has a 1-year low of GBX 264.972 and a 1-year high of GBX 387.50. The stock has a 50-day moving average of GBX 341.8 and a 200-day moving average of GBX 342.2. The company’s market cap is £38.128 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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