Today, RBS (RBS) Price Target Raised to GBX 240

Today, RBS (RBS) Price Target Raised to GBX 240
RBS (LON:RBS) had its price target upped by investment analysts at Goldman Sachs Group Inc. from GBX 225 ($2.81) to GBX 240 ($3.00) in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 18.11% from the company’s previous close.

RBS has been the topic of a number of other research reports. Deutsche Bank AG restated a “sell” rating and issued a GBX 172 ($2.15) target price on shares of RBS in a research report on Thursday. Societe Generale reduced their target price on RBS from GBX 200 ($2.50) to GBX 170 ($2.12) and set a “sell” rating on the stock in a research report on Monday, August 8th. Barclays PLC restated an “underweight” rating on shares of RBS in a research report on Monday, August 8th. Investec downgraded RBS to a “sell” rating and reduced their target price for the company from GBX 205 ($2.56) to GBX 200 ($2.50) in a research report on Monday, September 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 185 ($2.31) target price on shares of RBS in a research report on Monday, August 8th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. RBS presently has an average rating of “Hold” and an average target price of GBX 232.50 ($2.90).

Shares of RBS (LON:RBS) opened at 201.30 on Friday. The company’s market cap is GBX 23.65 billion. The company’s 50-day moving average price is GBX 191.12 and its 200-day moving average price is GBX 198.15. RBS has a 12 month low of GBX 148.40 and a 12 month high of GBX 315.70.

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

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