RBS’s Sell Rating Reaffirmed at Investec (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating reaffirmed by investment analysts at Investec in a note issued to investors on Friday. They currently have a GBX 325 ($5.54) price target on the stock. Investec’s price target suggests a potential downside of 2.34% from the stock’s previous close.
Shares of RBS (LON:RBS) opened at 330.42 on Friday. RBS has a 52-week low of GBX 271.60 and a 52-week high of GBX 387.50. The stock’s 50-day moving average is GBX 334.7 and its 200-day moving average is GBX 330.1. The company’s market cap is £37.275 billion.
RBS has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of RBS in a research note on Tuesday. They now have a GBX 245 ($4.17) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note on Friday, June 27th. They now have a GBX 280 ($4.77) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of RBS in a research note on Friday, June 27th. They now have a GBX 325 ($5.54) price target on the stock. Fourteen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 314.62 ($5.36).
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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