RBS Rating Reiterated by Sanford C. Bernstein (RBS)
RBS (LON:RBS)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday. They currently have a GBX 440 ($7.55) price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 32.73% from the company’s current price.
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 Monday. They now have a GBX 300 ($5.15) price target on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of RBS in a research note on Friday. They now have a GBX 325 ($5.57) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of RBS in a research note on Tuesday, July 1st. They now have a GBX 245 ($4.20) price target on the stock. Fourteen research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 314.62 ($5.40).
Shares of RBS (LON:RBS) opened at 330.725 on Monday. RBS has a 52-week low of GBX 275.70 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 £37.309 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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