RBS Given “Hold” Rating at Deutsche Bank (RBS)
RBS (LON:RBS)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday. They currently have a GBX 325 ($5.57) price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 3.47% from the company’s current price.
Shares of RBS (LON:RBS) traded down 0.25% on Friday, hitting GBX 314.10. 7,949,933 shares of the company’s stock traded hands. 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 333. and a 200-day moving average of GBX 330.. The company’s market cap is £35.434 billion.
RBS has been the subject of a number of other recent research reports. Analysts at Investec upgraded shares of RBS to a “hold” rating in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of RBS in a research note on Wednesday. They now have a GBX 320 ($5.49) price target on the stock. Finally, 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. Thirteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 313.78 ($5.38).
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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