RBS Rating Reiterated by Credit Suisse (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday. They currently have a GBX 280 ($4.79) price target on the stock. Credit Suisse’s target price would indicate a potential downside of 12.36% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of RBS in a research note on Friday. They now have a GBX 325 ($5.56) price target on the stock. Separately, analysts at Investec upgraded shares of RBS to a “hold” rating in a research note on Thursday. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of RBS in a research note on Wednesday, July 9th. They now have a GBX 320 ($5.48) 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 assigned a buy rating to the company’s stock. RBS has a consensus rating of “Hold” and an average price target of GBX 313.78 ($5.37).
Shares of RBS (LON:RBS) traded up 1.72% during mid-day trading on Monday, hitting GBX 319.50. 7,568,324 shares of the company’s stock traded hands. RBS has a one year low of GBX 291.60 and a one year high of GBX 387.50. The stock’s 50-day moving average is GBX 333.4 and its 200-day moving average is GBX 329.8. The company’s market cap is £36.043 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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