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).