Today, RBS (RBS) Given Sell Rating at Deutsche Bank AG

Today, RBS (RBS) Given Sell Rating at Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of RBS (LON:RBS) in a research note published on Thursday. They currently have a GBX 172 ($2.15) price target on the financial services provider’s stock.

Several other equities analysts also recently issued reports on RBS. Goldman Sachs Group Inc. reaffirmed a buy rating and set a GBX 235 ($2.94) price objective on shares of RBS in a report on Friday, August 5th. Investec downgraded shares of RBS to a sell rating and decreased their price objective for the company from GBX 205 ($2.56) to GBX 200 ($2.50) in a report on Monday, September 12th. Barclays PLC reaffirmed an underweight rating on shares of RBS in a report on Monday, August 8th. Societe Generale decreased their price target on shares of RBS from GBX 200 ($2.50) to GBX 170 ($2.12) and set a sell rating on the stock in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 185 ($2.31) price target on shares of RBS in a research note on Monday, August 8th. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 232.50 ($2.90).

Shares of RBS (LON:RBS) opened at 201.20 on Thursday. The firm has a 50-day moving average of GBX 191.12 and a 200 day moving average of GBX 198.15. The stock’s market capitalization is GBX 23.64 billion. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 315.70.

In other news, insider Ross McEwan purchased 141,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of GBX 187 ($2.34) per share, for a total transaction of £264,348.81 ($330,270.88).

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