Trade Report: The Royal Bank Of Canada Reiterates “Underperform” Rating for RBS (RBS)

The Royal Bank Of Canada Reiterates “Underperform” Rating for RBS (RBS)

Royal Bank Of Canada reiterated their underperform rating on shares of RBS (LON:RBS) in a report released on Tuesday. They currently have a GBX 150 ($1.96) price target on the financial services provider’s stock.

Several other analysts also recently commented on the stock. Shore Capital reissued a hold rating on shares of RBS in a research report on Wednesday, September 28th. Berenberg Bank cut their price objective on shares of RBS from GBX 250 ($3.26) to GBX 200 ($2.61) and set a hold rating on the stock in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. dropped their price target on shares of RBS from GBX 240 ($3.13) to GBX 230 ($3.00) and set a buy rating on the stock in a report on Tuesday, September 27th. BNP Paribas reaffirmed a neutral rating and set a GBX 180 ($2.35) price target on shares of RBS in a report on Thursday, September 22nd. Finally, Jefferies Group dropped their price target on shares of RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a hold rating on the stock in a report on Monday, September 19th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. RBS has a consensus rating of Hold and an average target price of GBX 236.57 ($3.09).

RBS (LON:RBS) opened at 177.70 on Tuesday. The stock’s market cap is GBX 20.82 billion. The company’s 50-day moving average is GBX 190.25 and its 200 day moving average is GBX 206.91. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00.

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

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