Todays Report: Today, RBS (RBS) PT Raised to GBX 240

Today, RBS (RBS) PT Raised to GBX 240

RBS (LON:RBS) had its price target boosted by research analysts at Goldman Sachs Group Inc. from GBX 225 ($2.81) to GBX 240 ($3.00) in a research note issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 18.11% from the company’s previous close.

Several other research firms have also recently weighed in on RBS. Macquarie reissued a “neutral” rating and set a GBX 190 ($2.37) price objective on shares of RBS in a report on Thursday, November 17th. BNP Paribas cut shares of RBS to an “underperform” rating and set a GBX 195 ($2.44) price objective for the company. in a report on Friday, November 18th. Investec cut 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. Deutsche Bank AG reissued a “sell” rating and set a GBX 172 ($2.15) price objective on shares of RBS in a report on Thursday. Finally, Societe Generale reissued a “sell” rating and set a GBX 200 ($2.50) price objective on shares of RBS in a report on Friday, September 9th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 232.50 ($2.90).

RBS (LON:RBS) opened at 203.00 on Friday. The company’s market capitalization is GBX 23.85 billion. The firm has a 50-day moving average of GBX 191.12 and a 200 day moving average of GBX 198.15. RBS has a one year low of GBX 148.40 and a one year high of GBX 315.70.

In other news, insider Ross McEwan purchased 141,363 shares of the stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average cost of GBX 187 ($2.34) per share, for a total transaction of £264,348.81 ($330,270.88).

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