RBS Receives Average Rating of “Hold” from Brokerages (LON:RBS)
RBS (LON:RBS) has earned a consensus rating of “Hold” from the thirty brokerages that are covering the stock, American Banking News reports. Thirteen research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 319.10 ($5.33).
A number of analysts have recently weighed in on RBS shares. Analysts at WH Ireland reiterated a “buy” rating on shares of RBS in a research note on Wednesday. They now have a GBX 268 ($4.48) 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 460 ($7.69) price target on the stock. Finally, 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.
RBS (LON:RBS) traded up 0.17% during mid-day trading on Thursday, hitting GBX 360.70. 4,362,493 shares of the company’s stock traded hands. RBS has a one year low of GBX 291.60 and a one year high of GBX 387.50. The stock has a 50-day moving average of GBX 337.5 and a 200-day moving average of GBX 328.. The company’s market cap is £40.885 billion.
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.