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).