RBS Given Hold Rating at Numis Securities Ltd (RBS)
RBS (LON:RBS)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday, American Banking & Market News reports. They currently have a GBX 300 ($5.04) price objective on the stock. Numis Securities Ltd’s price objective points to a potential downside of 1.06% from the stock’s previous close.
RBS (LON:RBS) traded down 0.20% on Friday, hitting GBX 303.20. The stock had a trading volume of 12,922,952 shares. RBS has a one year low of GBX 267.00 and a one year high of GBX 387.50. The stock has a 50-day moving average of GBX 307.8 and a 200-day moving average of GBX 334.8. The company’s market cap is £34.128 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of RBS in a research note on Friday. They now have a GBX 320 ($5.37) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of RBS in a research note on Friday. They now have a GBX 270 ($4.53) price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of RBS to a “hold” rating in a research note on Friday. They now have a GBX 310 ($5.21) price target on the stock, down previously from GBX 315 ($5.29). Fifteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 313.09 ($5.26).
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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