RBS Price Target Lowered to GBX 330 at JPMorgan Chase & Co. (RBS)
Analysts at JPMorgan Chase & Co. reduced their target price on shares of RBS (LON:RBS) from GBX 350 ($5.77) to GBX 330 ($5.44) in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 4.04% from the stock’s previous close.
RBS (LON:RBS) traded up 3.52% on Tuesday, hitting GBX 343.90. The stock had a trading volume of 19,436,944 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 342.0 and its 200-day moving average is GBX 343.4. The company’s market cap is £38.596 billion.
RBS has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “underperform” rating on shares of RBS in a research note to investors on Friday. They now have a GBX 325 ($5.36) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of RBS in a research note to investors on Friday. They now have a GBX 320 ($5.27) price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note to investors on Wednesday, January 22nd. They now have a GBX 265 ($4.37) price target on the stock. Sixteen investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 330.13 ($5.44).
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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