RBS Receives Consensus Recommendation of “Hold” from Analysts (LON:RBS)
Shares of RBS (LON:RBS) have been given an average recommendation of “Hold” by the thirty brokerages that are covering the stock, AR Network reports. Thirteen research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 313.78 ($5.37).
RBS has been the subject of a number of recent research reports. 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.
RBS (LON:RBS) opened at 314.10 on Thursday. 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.
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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