RBS’s Underperform Rating Reaffirmed at BNP Paribas (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating reaffirmed by investment analysts at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 330 ($5.65) price objective on the stock. BNP Paribas’ price objective indicates a potential upside of 1.95% from the stock’s previous close.
A number of other analysts have also recently weighed in on RBS. Analysts at Societe Generale reiterated a “hold” rating on shares of RBS in a research note on Tuesday. They now have a GBX 350 ($5.99) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of RBS in a research note on Tuesday. They now have a GBX 418 ($7.16) price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note on Monday. They now have a GBX 280 ($4.79) price target on the stock. Thirteen equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 314.42 ($5.38).
RBS (LON:RBS) traded down 1.91% during mid-day trading on Thursday, hitting GBX 323.70. 8,414,737 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’s 50-day moving average is GBX 332.7 and its 200-day moving average is GBX 329.7. The company’s market cap is £36.517 billion.
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.