RBS Downgraded by Investec to “Sell” (RBS)
RBS (LON:RBS) was downgraded by analysts at Investec to a “sell” rating in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. They currently have a GBX 345 ($5.78) price target on the stock. Investec’s target price points to a potential downside of 3.98% from the stock’s previous close.
RBS (LON:RBS) opened at 354.10 on Thursday. 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 348.2 and its 200-day moving average is GBX 345.1. The company’s market cap is £39.741 billion.
RBS has been the subject of a number of other recent research reports. Analysts at Mediobanca SpA reiterated a “neutral” rating on shares of RBS in a research note on Tuesday, February 11th. They now have a GBX 340 ($5.70) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of RBS in a research note on Monday, February 10th. They now have a GBX 365 ($6.12) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of RBS in a research note on Friday, February 7th. They now have a GBX 320 ($5.36) price target on the stock. Eighteen research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 328.06 ($5.50).
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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