RBS Stock Rating Reaffirmed by Macquarie (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating reiterated by equities researchers at Macquarie in a research report issued on Tuesday, AnalystRatings.NET reports. They currently have a GBX 280 ($4.60) target price on the stock. Macquarie’s target price suggests a potential downside of 15.46% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note to investors on Monday. They now have a GBX 470 ($7.72) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of RBS in a research note to investors on Monday. They now have a GBX 325 ($5.34) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of RBS in a research note to investors on Tuesday, January 28th. Seventeen analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 328.34 ($5.40).
RBS (LON:RBS) traded down 0.63% on Tuesday, hitting GBX 331.20. The stock had a trading volume of 6,382,532 shares. RBS has a 52 week low of GBX 264.972 and a 52 week high of GBX 387.50. The stock has a 50-day moving average of GBX 343.6 and a 200-day moving average of GBX 344.. The company’s market cap is £37.171 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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