RBS (RBS) Given “Sell” Rating at Deutsche Bank AG
RBS (LON:RBS)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Thursday. They currently have a GBX 170 ($2.10) price objective on the financial services provider’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 3.90% from the stock’s previous close.
Several other analysts have also recently commented on RBS. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 235 ($2.91) price objective on shares of RBS in a research note on Friday, August 5th. BNP Paribas cut shares of RBS to a “neutral” rating and set a GBX 230 ($2.85) target price for the company. in a research report on Monday, June 27th. Societe Generale restated a “hold” rating on shares of RBS in a research report on Friday, June 17th. Jefferies Group cut shares of RBS to a “hold” rating and cut their target price for the stock from GBX 370 ($4.58) to GBX 227 ($2.81) in a research report on Monday, June 27th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a GBX 165 ($2.04) target price on shares of RBS in a research report on Monday, June 27th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 236.57 ($2.93).
RBS (LON:RBS) opened at 172.90 on Thursday. RBS has a 12-month low of GBX 148.40 and a 12-month high of GBX 332.00. The stock’s market capitalization is GBX 20.25 billion. The firm has a 50-day moving average of GBX 189.71 and a 200 day moving average of GBX 205.59.
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In other RBS news, insider Noakes,Baroness Sheila bought 20,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of GBX 180 ($2.23) per share, with a total value of £36,000 ($44,554.46).
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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