RBS’s “Hold” Rating Reaffirmed at Numis Securities Ltd (RBS)
RBS (LON:RBS)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They currently have a GBX 300 ($5.13) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential downside of 17.63% from the stock’s previous close.
RBS (LON:RBS) opened at 364.20 on Friday. 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 330.5 and its 200-day moving average is GBX 329.3. The company’s market cap is £41.085 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of RBS in a research note on Friday. They now have a GBX 320 ($5.47) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of RBS in a research note on Monday, July 21st. They now have a GBX 275 ($4.70) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of RBS in a research note on Monday, July 21st. They now have a GBX 325 ($5.55) price target on the stock. Thirteen research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. RBS presently has a consensus rating of “Hold” and an average target price of GBX 313.42 ($5.36).
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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