RBS Rating Reiterated by Nomura (RBS)
RBS (LON:RBS)‘s stock had its “reduce” rating reiterated by equities research analysts at Nomura in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 285 ($4.70) price objective on the stock. Nomura’s price target would indicate a potential downside of 17.13% from the company’s current price.
A number of other analysts have also recently weighed in on RBS. Analysts at JPMorgan Chase & Co. cut their price target on shares of RBS from GBX 350 ($5.77) to GBX 330 ($5.44) in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, 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. Finally, 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. Sixteen analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. RBS currently has a consensus rating of “Hold” and an average price target of GBX 330.13 ($5.44).
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 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 342.0 and its 200-day moving average is GBX 343.4. The company’s market cap is £38.596 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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