RBS Given “Underperform” Rating at BNP Paribas (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating restated by research analysts at BNP Paribas in a report released on Thursday. They currently have a GBX 315 ($5.30) price target on the stock. BNP Paribas’ price target points to a potential downside of 5.09% from the stock’s previous close.
Shares of RBS (LON:RBS) traded up 0.42% during mid-day trading on Thursday, hitting GBX 331.90. 5,928,095 shares of the company’s stock traded hands. RBS has a 1-year low of GBX 267.00 and a 1-year high of GBX 387.50. The stock’s 50-day moving average is GBX 314.7 and its 200-day moving average is GBX 328.. The company’s market cap is £37.442 billion.
A number of other firms have also recently commented on RBS. Analysts at Credit Suisse raised their price target on shares of RBS from GBX 265 ($4.46) to GBX 280 ($4.71) in a research note on Monday. They now have an “underperform” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of RBS in a research note on Friday, May 16th. Finally, analysts at Mediobanca SpA reiterated a “neutral” rating on shares of RBS in a research note on Wednesday, May 14th. They now have a GBX 330 ($5.55) price target on the stock. Thirteen research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 316.46 ($5.32).
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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