RBS’s “Outperform” Rating Reaffirmed at Sanford C. Bernstein (RBS)
RBS (LON:RBS)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 450 ($7.47) price objective on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 26.80% from the company’s current price.
A number of other analysts have also recently weighed in on RBS. Analysts at Berenberg Bank raised their price target on shares of RBS from GBX 210 ($3.48) to GBX 250 ($4.15) in a research note on Friday. They now have a “sell” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of RBS in a research note on Wednesday. They now have a GBX 310 ($5.14) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of RBS in a research note on Monday. Thirteen research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. RBS presently has a consensus rating of “Hold” and a consensus price target of GBX 323.29 ($5.36).
RBS (LON:RBS) opened at 353.30 on Friday. RBS has a one year low of GBX 291.60 and a one year high of GBX 387.50. The stock’s 50-day moving average is GBX 348. and its 200-day moving average is GBX 330.2. The company’s market cap is £40.047 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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