RBS Given Sell Rating at Citigroup Inc. (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by Citigroup Inc. in a research note issued on Tuesday. They currently have a GBX 300 ($5.09) price objective on the stock. Citigroup Inc.’s target price would suggest a potential downside of 12.26% from the company’s current price.
Shares of 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.
A number of other analysts have also recently weighed in on RBS. 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. Separately, 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. Finally, analysts at Investec downgraded shares of RBS to a “sell” rating in a research note on Thursday, June 12th. They now have a GBX 325 ($5.52) price target on the stock. Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 319.16 ($5.42).
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.