Today, RBS (RBS) Coverage Initiated by Analysts at Credit Suisse Group AG

Today, RBS (RBS) Coverage Initiated by Analysts at Credit Suisse Group AG

Analysts at Credit Suisse Group AG began coverage on shares of RBS (LON:RBS) in a report released on Tuesday. The brokerage set an “underperform” rating and a GBX 180 ($2.23) price target on the financial services provider’s stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 8.02% from the company’s current price.

RBS has been the subject of a number of other reports. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 235 ($2.92) price target on shares of RBS in a report on Friday, August 5th. BNP Paribas restated a “neutral” rating and issued a GBX 180 ($2.23) price target on shares of RBS in a report on Tuesday, October 4th. Deutsche Bank AG raised their price target on shares of RBS from GBX 171 ($2.12) to GBX 172 ($2.13) and gave the stock a “sell” rating in a report on Wednesday, November 2nd. Jefferies Group reduced their price target on shares of RBS from GBX 227 ($2.82) to GBX 212 ($2.63) and set a “hold” rating for the company in a report on Monday, September 19th. Finally, Barclays PLC reduced their price objective on shares of RBS from GBX 200 ($2.48) to GBX 175 ($2.17) and set an “underweight” rating for the company in a report on Monday, October 31st. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. RBS presently has an average rating of “Hold” and a consensus target price of GBX 230 ($2.85).

Shares of RBS (LON:RBS) opened at 196.20 on Tuesday. The stock has a 50 day moving average of GBX 192.16 and a 200-day moving average of GBX 197.82. The company’s market capitalization is GBX 23.06 billion. RBS has a one year low of GBX 148.40 and a one year high of GBX 315.70.

In other RBS news, insider Ross McEwan acquired 141,363 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was bought at an average price of GBX 187 ($2.32) per share, with a total value of £264,348.81 ($327,935.50).

Related posts

Leave a Comment