RBS (RBS) Receives Underperform Rating from Royal Bank Of Canada
RBS (LON:RBS)‘s stock had its “underperform” rating restated by Royal Bank Of Canada in a research report issued on Tuesday. They currently have a GBX 150 ($1.96) target price on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 17.54% from the company’s current price.
A number of other equities analysts have also commented on the stock. Shore Capital reiterated a “hold” rating on shares of RBS in a report on Wednesday, September 28th. Berenberg Bank cut their target price on shares of RBS from GBX 250 ($3.26) to GBX 200 ($2.61) and set a “hold” rating on the stock in a research note on Wednesday, September 28th. Goldman Sachs Group Inc. cut their target price on shares of RBS from GBX 240 ($3.13) to GBX 230 ($3.00) and set a “buy” rating on the stock in a research note on Tuesday, September 27th. BNP Paribas restated a “neutral” rating and issued a GBX 180 ($2.35) target price on shares of RBS in a research note on Thursday, September 22nd. Finally, Jefferies Group cut their target price on shares of RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a “hold” rating on the stock in a research note on Monday, September 19th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 236.57 ($3.09).
Shares of RBS (LON:RBS) traded down 1.94% during midday trading on Tuesday, reaching GBX 181.90. 27,437,207 shares of the company were exchanged. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 336.00. The stock’s market capitalization is GBX 21.31 billion. The company’s 50-day moving average price is GBX 190.25 and its 200 day moving average price is GBX 206.91.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/rbs-rbs-receives-underperform-rating-from-royal-bank-of-canada.html
In related news, insider Noakes,Baroness Sheila bought 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was bought at an average price of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
RBS Company Profile
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.
Receive News & Ratings for RBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBS and related companies with MarketBeat.com's FREE daily email newsletter.