RBS Stock Rating Reaffirmed by Citigroup Inc. (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Friday. They currently have a GBX 300 ($5.11) target price on the stock. Citigroup Inc.’s price objective indicates a potential downside of 8.26% from the stock’s previous close.
A number of other analysts have also recently weighed in on RBS. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note on Tuesday. They now have a GBX 440 ($7.49) price target on the stock. Separately, analysts at Mediobanca SpA reiterated a “neutral” rating on shares of RBS in a research note on Tuesday, June 17th. They now have a GBX 330 ($5.62) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of RBS in a research note on Tuesday, June 17th. They now have a GBX 325 ($5.53) price target on the stock. Thirteen investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 317.53 ($5.40).
RBS (LON:RBS) traded up 0.71% on Friday, hitting GBX 327.00. The stock had a trading volume of 9,771,983 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 334.6 and a 200-day moving average of GBX 330.0. The company’s market cap is £36.889 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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