RBS Receives Underperform Rating from Credit Suisse (RBS)
RBS (LON:RBS)‘s stock had its “underperform” rating reiterated by Credit Suisse in a research note issued on Wednesday. They currently have a GBX 310 ($5.14) price target on the stock. Credit Suisse’s target price would indicate a potential downside of 11.81% from the company’s current price.
Shares of RBS (LON:RBS) traded up 0.51% during mid-day trading on Wednesday, hitting GBX 353.30. 12,662,152 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 346. and its 200-day moving average is GBX 330.0. The company’s market cap is £40.047 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “sell” rating on shares of RBS in a research note on Monday. Separately, analysts at Grupo Santander upgraded shares of RBS to a “buy” rating in a research note on Wednesday, August 27th. They now have a GBX 430 ($7.14) price target on the stock. Finally, 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 ($4.45) price target on the stock. Thirteen analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 321.75 ($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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