RBS Receives “Underweight” Rating from JPMorgan Chase & Co. (RBS)
RBS (LON:RBS)‘s stock had its “underweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 330 ($5.49) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 6.78% from the stock’s previous close.
Shares of RBS (LON:RBS) traded down 2.32% during mid-day trading on Wednesday, hitting GBX 354.00. 11,110,784 shares of the company’s stock traded hands. 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 350.7 and its 200-day moving average is GBX 346.5. The company’s market cap is £39.729 billion.
RBS has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of RBS in a research note on Friday, February 21st. They now have a GBX 374 ($6.22) price target on the stock. Separately, analysts at Investec downgraded shares of RBS to a “sell” rating in a research note on Thursday, February 20th. They now have a GBX 345 ($5.74) price target on the stock. Finally, 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 ($5.65) price target on the stock. Eighteen investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 328.06 ($5.46).
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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