RBS (RBS) Stock Rating Reaffirmed by BNP Paribas
RBS (LON:RBS)‘s stock had its “neutral” rating reissued by stock analysts at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 180 ($2.35) target price on the financial services provider’s stock. BNP Paribas’ price objective would indicate a potential downside of 1.75% from the company’s previous close.
A number of other research firms have also recently weighed in on RBS. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a GBX 375 ($4.89) price target on shares of RBS in a report on Wednesday, June 1st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 239 ($3.12) target price on shares of RBS in a report on Wednesday, June 22nd. Societe Generale reiterated a “hold” rating on shares of RBS in a report on Friday, June 17th. Investec cut RBS to a “sell” rating and lowered their target price for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 185 ($2.41) target price on shares of RBS in a report on Monday, June 27th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. RBS has an average rating of “Hold” and an average price target of GBX 239.19 ($3.12).
Shares of RBS (LON:RBS) opened at 186.00 on Thursday. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 336.00. The stock’s market cap is GBX 21.79 billion. The company has a 50 day moving average price of GBX 193.54 and a 200 day moving average price of GBX 210.86.
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In other RBS news, insider Noakes,Baroness Sheila bought 20,000 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.
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