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 Monday. They currently have a GBX 300 ($5.15) target price on the stock. Citigroup Inc.’s target price suggests a potential downside of 9.50% from the company’s current price.
A number of other analysts have also recently weighed in on RBS. 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. Separately, 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. Finally, 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 ($4.80) price target on the stock. Fourteen research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 314.62 ($5.40).
RBS (LON:RBS) traded down 0.48% on Monday, hitting GBX 329.90. 5,113,092 shares of the company’s stock traded hands. RBS has a one year low of GBX 275.70 and a one year 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 £37.216 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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