RBS PT Raised to GBX 418 (RBS)
Stock analysts at Jefferies Group lifted their price target on shares of RBS (LON:RBS) from GBX 414 ($6.94) to GBX 418 ($7.01) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 23.71% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note on Wednesday. Separately, analysts at Barclays raised their price target on shares of RBS from GBX 300 ($5.03) to GBX 320 ($5.36) in a research note on Tuesday. They now have an “equal weight” rating on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of RBS in a research note on Tuesday, May 27th. They now have a GBX 350 ($5.87) price target on the stock. Thirteen analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 319.16 ($5.35).
Shares of RBS (LON:RBS) traded down 0.21% during mid-day trading on Thursday, hitting GBX 337.20. The stock had a trading volume of 9,193,249 shares. 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 322.8 and its 200-day moving average is GBX 329.4. The company’s market cap is £38.040 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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