Trading Report: Today, RBS (RBS) Earns Underweight Rating from Barclays PLC

Today, RBS (RBS) Earns Underweight Rating from Barclays PLC

RBS (LON:RBS)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays PLC in a note issued to investors on Thursday. They currently have a GBX 200 ($2.61) price objective on the financial services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 8.81% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Investec cut shares of RBS to a “sell” rating and lowered their target price for the stock from GBX 205 ($2.68) to GBX 200 ($2.61) in a research note on Monday, September 12th. Societe Generale reiterated a “sell” rating and issued a GBX 200 ($2.61) target price on shares of RBS in a research note on Friday, September 9th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of RBS in a research note on Monday, July 4th. Deutsche Bank AG reiterated a “hold” rating on shares of RBS in a research note on Thursday, June 30th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 180 ($2.35) target price on shares of RBS in a research note on Thursday, September 22nd. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 236.57 ($3.09).

RBS (LON:RBS) opened at 188.9038 on Thursday. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00. The company has a 50-day moving average of GBX 190.66 and a 200-day moving average of GBX 207.24. The company’s market capitalization is GBX 22.13 billion.

10/06/rbs-rbs-earns-underweight-rating-from-barclays-plc.html

In other news, insider Noakes,Baroness Sheila purchased 20,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were acquired at an average price of GBX 180 ($2.35) per share, with a total value of £36,000 ($46,991.25).

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