RBS Stock Rating Reaffirmed by JPMorgan Chase & Co. (RBS)
RBS (LON:RBS)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a GBX 320 ($5.49) target price on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 1.62% from the stock’s previous close.
A number of other firms have also recently commented on RBS. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note on Monday. They now have a GBX 440 ($7.55) price target on the stock. Separately, 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. Finally, analysts at Investec reiterated a “sell” rating on shares of RBS in a research note on Friday, July 4th. They now have a GBX 325 ($5.57) price target on the stock. Thirteen equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. RBS presently has an average rating of “Hold” and a consensus price target of GBX 313.78 ($5.38).
RBS (LON:RBS) traded down 0.41% on Wednesday, hitting GBX 314.90. The stock had a trading volume of 12,662,167 shares. RBS has a 52-week low of GBX 291.60 and a 52-week high of GBX 387.50. The stock has a 50-day moving average of GBX 334.2 and a 200-day moving average of GBX 330.. The company’s market cap is £35.524 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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