RBS Given “Hold” Rating at Deutsche Bank (RBS)
RBS (LON:RBS)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a GBX 325 ($5.52) price objective on the stock. Deutsche Bank’s target price indicates a potential downside of 4.94% from the stock’s previous close.
A number of other firms have also recently commented on RBS. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of RBS in a research note on Tuesday. They now have a GBX 300 ($5.09) 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. They now have a GBX 320 ($5.43) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of RBS in a research note on Friday. They now have a GBX 350 ($5.94) price target on the stock. Thirteen equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. RBS presently has a consensus rating of “Hold” and an average price target of GBX 319.16 ($5.42).
RBS (LON:RBS) traded up 0.68% on Tuesday, hitting GBX 341.90. The stock had a trading volume of 7,383,998 shares. RBS has a 52 week low of GBX 267.00 and a 52 week high of GBX 387.50. The stock has a 50-day moving average of GBX 331.1 and a 200-day moving average of GBX 330.0. The company’s market cap is £38.570 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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