RBS Upgraded by Grupo Santander to “Buy” (RBS)
RBS (LON:RBS) was upgraded by stock analysts at Grupo Santander to a “buy” rating in a report issued on Wednesday. The firm currently has a GBX 430 ($7.12) target price on the stock. Grupo Santander’s target price suggests a potential upside of 17.55% from the company’s current price.
RBS (LON:RBS) traded up 0.19% on Wednesday, hitting GBX 366.40. 5,856,936 shares of the company’s stock traded hands. RBS has a 52 week low of GBX 291.60 and a 52 week high of GBX 387.50. The stock’s 50-day moving average is GBX 340.9 and its 200-day moving average is GBX 329.3. The company’s market cap is £41.531 billion.
A number of other firms have also recently commented on RBS. Analysts at WH Ireland reiterated a “buy” rating on shares of RBS in a research note on Wednesday, August 20th. They now have a GBX 268 ($4.43) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of RBS in a research note on Tuesday, August 19th. They now have a GBX 460 ($7.61) 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 ($5.71) price target on the stock. Thirteen analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 322.43 ($5.34).
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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