Today: RBS (RBS) Given New GBX 240 Price Target at Goldman Sachs Group Inc.

Today: RBS (RBS) Given New GBX 240 Price Target at Goldman Sachs Group Inc.

RBS (LON:RBS) had its price target increased by Goldman Sachs Group Inc. from GBX 225 ($2.81) to GBX 240 ($3.00) in a report issued on Friday. The firm currently has a buy rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on RBS. Macquarie reissued a neutral rating and issued a GBX 190 ($2.37) target price on shares of RBS in a research note on Thursday, November 17th. BNP Paribas downgraded shares of RBS to an underperform rating and set a GBX 195 ($2.44) target price on the stock. in a research note on Friday, November 18th. Investec downgraded shares of RBS to a sell rating and reduced their target price for the company from GBX 205 ($2.56) to GBX 200 ($2.50) in a research note on Monday, September 12th. Deutsche Bank AG reissued a sell rating and issued a GBX 172 ($2.15) target price on shares of RBS in a research note on Thursday. Finally, Societe Generale reissued a sell rating and issued a GBX 200 ($2.50) target price on shares of RBS in a research note on Friday, September 9th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 232.50 ($2.90).

Shares of RBS (LON:RBS) opened at 198.70 on Friday. The stock’s market capitalization is GBX 23.35 billion. The company’s 50 day moving average is GBX 191.60 and its 200-day moving average is GBX 198.16. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 315.70.

In other news, insider Ross McEwan purchased 141,363 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of GBX 187 ($2.34) per share, with a total value of £264,348.81 ($330,270.88).

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