RBS’s (RBS) Neutral Rating Reiterated at BNP Paribas
RBS (LON:RBS)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a report released on Tuesday. They currently have a GBX 180 ($2.35) price objective on the financial services provider’s stock. BNP Paribas’ price target would indicate a potential downside of 1.04% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 150 ($1.96) price objective on shares of RBS in a research note on Tuesday, October 4th. Shore Capital reaffirmed a “hold” rating on shares of RBS in a research note on Wednesday, September 28th. Berenberg Bank dropped their price objective on shares of RBS from GBX 250 ($3.26) to GBX 200 ($2.61) and set a “hold” rating for the company in a research note on Wednesday, September 28th. Goldman Sachs Group Inc. dropped their price objective on shares of RBS from GBX 240 ($3.13) to GBX 230 ($3.00) and set a “buy” rating for the company in a research note on Tuesday, September 27th. Finally, Jefferies Group dropped their price objective on shares of RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a “hold” rating for the company in a research note on Monday, September 19th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 236.57 ($3.09).
RBS (LON:RBS) traded down 1.94% during trading on Tuesday, reaching GBX 181.90. The company had a trading volume of 27,437,207 shares. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 336.00. The stock’s market capitalization is GBX 21.31 billion. The stock has a 50 day moving average of GBX 190.25 and a 200-day moving average of GBX 206.91.
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In other RBS news, insider Noakes,Baroness Sheila acquired 20,000 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average cost of GBX 180 ($2.35) per share, with a total value 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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