RBS Given “Buy” Rating at Jefferies Group (RBS)
RBS (LON:RBS)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Tuesday. They currently have a GBX 460 ($7.69) target price on the stock. Jefferies Group’s price target indicates a potential upside of 31.02% from the stock’s previous close.
RBS (LON:RBS) opened at 356.80 on Tuesday. 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 336.1 and a 200-day moving average of GBX 328.3. The company’s market cap is £40.443 billion.
A number of other firms have also recently commented on RBS. Analysts at Nomura reiterated a “reduce” rating on shares of RBS in a research note on Thursday, August 14th. They now have a GBX 345 ($5.77) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of RBS in a research note on Tuesday, August 12th. They now have a GBX 320 ($5.35) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of RBS in a research note on Monday, August 11th. They now have a GBX 450 ($7.52) price target on the stock. Thirteen analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. RBS presently has an average rating of “Hold” and a consensus target price of GBX 321.06 ($5.37).
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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