RBS (RBS) Rating Reiterated by BNP Paribas

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RBS (LON:RBS)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a report issued on Thursday. They presently have a GBX 180 ($2.35) price target on the financial services provider’s stock. BNP Paribas’ target price would suggest a potential downside of 3.49% from the stock’s previous close.
RBS has been the subject of several other research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 235 ($3.07) price target on shares of RBS in a report on Friday, August 5th. Deutsche Bank AG cut their price target on RBS from GBX 239 ($3.12) to GBX 200 ($2.61) and set a ” hold” rating for the company in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 185 ($2.41) price target on shares of RBS in a report on Monday, June 27th. Jefferies Group cut their price target on RBS from GBX 227 ($2.96) to GBX 212 ($2.77) and set a “hold” rating for the company in a report on Monday. Finally, Societe Generale dropped their target price on RBS from GBX 200 ($2.61) to GBX 170 ($2.22) and set a “sell” rating for the company in a report on Monday, August 8th. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 239.19 ($3.12).
Shares of RBS (LON:RBS) traded up 1.80% on Thursday, reaching GBX 186.50. The company’s stock had a trading volume of 17,008,848 shares. The stock’s market capitalization is GBX 21.85 billion. The stock has a 50-day moving average of GBX 193.56 and a 200 day moving average of GBX 210.69. RBS has a 52 week low of GBX 148.40 and a 52 week high of GBX 336.00.

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In other RBS news, insider Noakes,Baroness Sheila purchased 20,000 shares of RBS stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price 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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