Published On: Tue, Sep 20th, 2016

RBS (RBS) Price Target Cut to GBX 212 by Analysts at Jefferies Group

RBS (LON:RBS) had its price target cut by equities researchers at Jefferies Group from GBX 227 ($2.96) to GBX 212 ($2.77) in a research report issued on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Group’s target price points to a potential upside of 14.04% from the company’s current price.
Several other equities research analysts also recently commented on RBS. Deutsche Bank AG cut their target price on shares of RBS from GBX 242 ($3.16) to GBX 239 ($3.12) and set a “hold” rating on the stock in a research report on Tuesday, May 24th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 375 ($4.89) target price on shares of RBS in a research report on Wednesday, June 1st. Societe Generale reiterated a “hold” rating on shares of RBS in a research report on Friday, June 17th. BNP Paribas reiterated an “outperform” rating and set a GBX 275 ($3.59) target price on shares of RBS in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 185 ($2.41) target price on shares of RBS in a research report on Monday, June 27th. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 239.19 ($3.12).
RBS (LON:RBS) traded up 0.16% on Monday, hitting GBX 185.90. 20,961,644 shares of the stock traded hands. RBS has a 1-year low of GBX 148.40 and a 1-year high of GBX 336.00. The stock has a 50-day moving average price of GBX 193.99 and a 200 day moving average price of GBX 211.52. The company’s market cap is GBX 21.78 billion.

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In related news, insider Noakes,Baroness Sheila acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average cost of GBX 180 ($2.35) per share, for a total transaction of £36,000 ($46,991.25).
About RBS
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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