RBS (LON: RBS) was upgraded by stock analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a GBX 370 ($5.64) price target on the stock, up from their previous price target of GBX 300 ($4.57). Barclays Capital’s target price would indicate a potential upside of 12.98% from the company’s current price.
RBS has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of RBS in a research note to investors on Monday. They now have a GBX 320 ($4.88) price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of RBS in a research note to investors on Friday, June 7th. They now have a GBX 370 ($5.64) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of RBS in a research note to investors on Friday, June 7th. They now have a GBX 320 ($4.88) price target on the stock.
Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. RBS currently has a consensus rating of “Hold” and an average target price of GBX 324.87 ($4.95).
RBS (LON: RBS) opened at 330.80 on Wednesday. RBS has a 1-year low of GBX 193.30 and a 1-year high of GBX 370.62. The stock’s 50-day moving average is currently GBX 265.8. The company’s market cap is £36.821 billion.
The Royal Bank of Scotland Group plc (LON: RBS) is a holding company of a global banking and financial services group.