Today: The Deutsche Bank AG Increases RBS (RBS) Price Target to GBX 172

The Deutsche Bank AG Increases RBS (RBS) Price Target to GBX 172

RBS (LON:RBS) had its target price boosted by equities research analysts at Deutsche Bank AG from GBX 171 ($2.14) to GBX 172 ($2.15) in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Deutsche Bank AG’s target price indicates a potential downside of 14.64% from the company’s previous close.

Several other research firms have also recently issued reports on RBS. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 150 ($1.87) price objective on shares of RBS in a research report on Tuesday, October 4th. Investec lowered RBS to a “hold” rating and lowered their target price for the company from GBX 230 ($2.87) to GBX 205 ($2.56) in a report on Wednesday, August 10th. Barclays PLC reissued an “underweight” rating and issued a GBX 200 ($2.50) target price on shares of RBS in a report on Tuesday, September 13th. BNP Paribas lowered their target price on RBS from GBX 230 ($2.87) to GBX 200 ($2.50) and set a “neutral” rating on the stock in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 185 ($2.31) target price on shares of RBS in a report on Tuesday, July 26th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 232.50 ($2.90).

Shares of RBS (LON:RBS) traded down 0.837% during mid-day trading on Wednesday, reaching GBX 201.415. 8,569,970 shares of the company traded hands. The stock’s market capitalization is GBX 23.67 billion. RBS has a 52-week low of GBX 148.40 and a 52-week high of GBX 315.70. The company’s 50 day moving average is GBX 191.60 and its 200 day moving average is GBX 198.16.

In related news, insider Ross McEwan acquired 141,363 shares of RBS stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of GBX 187 ($2.34) per share, for a total transaction of £264,348.81 ($330,270.88).

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