RBS Receives “Reduce” Rating from Nomura (RBS)
RBS (LON:RBS)‘s stock had its “reduce” rating reiterated by stock analysts at Nomura in a report issued on Thursday. They currently have a GBX 345 ($5.79) price target on the stock. Nomura’s price objective suggests a potential upside of 0.88% from the company’s current price.
A number of other analysts have also recently weighed in on RBS. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of RBS in a research note on Tuesday. They now have a GBX 320 ($5.37) price target on the stock. Separately, 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. Finally, 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. Thirteen research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 319.45 ($5.36).
Shares of RBS (LON:RBS) opened at 348.80 on Thursday. 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 333.8 and a 200-day moving average of GBX 328.1. The company’s market cap is £39.306 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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