Trade Report: The RBS’s (RBS) “Sell” Rating Reaffirmed at Deutsche Bank AG

The RBS’s (RBS) “Sell” Rating Reaffirmed at Deutsche Bank AG

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).

Related posts

Leave a Comment