Deutsche Bank AG restated their sell rating on shares of RBS (LON:RBS) in a research note published on Thursday. They currently have a GBX 170 ($2.10) price objective on the financial services provider’s stock.
Several other research firms have also issued reports on RBS. Royal Bank Of Canada restated an underperform rating and issued a GBX 150 ($1.86) target price on shares of RBS in a report on Tuesday, October 4th. Investec lowered shares of RBS to a hold rating and lowered their target price for the stock from GBX 230 ($2.85) to GBX 205 ($2.54) in a report on Wednesday, August 10th. Barclays PLC restated an underweight rating and issued a GBX 200 ($2.48) target price on shares of RBS in a report on Tuesday, September 13th. Goldman Sachs Group Inc. restated a conviction-buy rating on shares of RBS in a report on Monday, July 4th. Finally, Societe Generale restated a sell rating and issued a GBX 200 ($2.48) target price on shares of RBS in a report on Sunday, July 3rd. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. RBS has an average rating of Hold and an average price target of GBX 236.57 ($2.93).
RBS (LON:RBS) traded up 2.46% during midday trading on Thursday, reaching GBX 174.60. 13,044,274 shares of the company traded hands. The company has a 50 day moving average price of GBX 188.80 and a 200-day moving average price of GBX 205.41. RBS has a one year low of GBX 148.40 and a one year high of GBX 332.00. The stock’s market capitalization is GBX 20.45 billion.
In related news, insider Noakes,Baroness Sheila bought 20,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were bought at an average price of GBX 180 ($2.23) per share, with a total value of £36,000 ($44,554.46).