Espirito Santo Investment Bank Research Reiterates “Neutral” Rating for RBS (RBS)
RBS (LON:RBS)‘s stock had its “neutral” rating restated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Tuesday. They currently have a GBX 320 ($5.37) price objective on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential downside of 5.77% from the stock’s previous close.
RBS has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note on Monday. They now have a GBX 450 ($7.55) price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of RBS in a research note on Monday, August 4th. They now have a GBX 370 ($6.21) price target on the stock. Finally, analysts at Investec downgraded shares of RBS to a “sell” rating in a research note on Friday, August 1st. They now have a GBX 340 ($5.70) price target on the stock, up previously from GBX 325 ($5.45). Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 318.29 ($5.34).
RBS (LON:RBS) opened at 340.00 on Tuesday. RBS has a 1-year low of GBX 291.60 and a 1-year high of GBX 387.50. The stock has a 50-day moving average of GBX 333.1 and a 200-day moving average of GBX 328.. The company’s market cap is £38.315 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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