RBS Receives Sell Rating from Berenberg Bank

Ticker Report Posted by Stephan Byrd on Nov 25th, 2015

 
RBS (LON:RBS)‘s stock had its “sell” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday, AnalystRatings.Net reports. They presently have a GBX 250 ($3.78) target price on the financial services provider’s stock. Berenberg Bank’s target price indicates a potential downside of 17.38% from the company’s previous close.

In other RBS news, insider Stevenson,Ewen bought 124,906 shares of RBS stock in a transaction dated Tuesday, November 10th. The stock was bought at an average price of GBX 320 ($4.84) per share, with a total value of £399,699.20 ($604,597.19).

A number of other research firms have also issued reports on RBS. Deutsche Bank reiterated a “hold” rating and issued a GBX 355 ($5.37) price objective on shares of RBS in a research note on Friday, September 25th. Citigroup Inc. restated a “sell” rating and set a GBX 300 ($4.54) price target on shares of RBS in a research note on Friday, October 9th. Investec reaffirmed a “buy” rating on shares of RBS in a report on Tuesday, August 25th. Societe Generale reissued a “sell” rating and issued a GBX 330 ($4.99) price target on shares of RBS in a report on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a GBX 450 ($6.81) price objective on shares of RBS in a report on Wednesday, October 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 362.05 ($5.48).

Shares of RBS (LON:RBS) opened at 302.60 on Wednesday. The firm has a 50-day moving average of GBX 320.04 and a 200 day moving average of GBX 336.64. The stock’s market capitalization is GBX 35.13 billion. RBS has a 1-year low of GBX 295.90 and a 1-year high of GBX 414.00.

The Royal Bank of Scotland Group plc (LON:RBS) provides financial products and services to personal, commercial, corporate and institutional customers. The Company conducts its business through three franchises and seven operating segments. The Company’s Personal & Business Banking (PBB) franchise consists of two segments: UK Personal & Business Banking (UK PBB), including Williams & Glyn, and Ulster Bank. The Commercial & Private Banking (CPB) franchise consists of two segments, Commercial Banking and Private Banking. The Company’s other segments are Corporate & Institutional Banking (CIB), Central Functions and RBS Capital Resolution (RCR). RBS operates in the United Kingdom, the United States and internationally through its principal subsidiaries, The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest). Both the Royal Bank and NatWest are clearing banks in the United Kingdom.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: