Societe Generale upgraded shares of RBS (LON:RBS) to a hold rating in a research report sent to investors on Monday morning, American Banking and Market News reports. The firm currently has GBX 350 ($5.61) price target on the stock.
Societe Generale has also modified their ratings on a number of other stocks in the few days. The firm raised its price target on shares of AUTOLIV INC from $82.00 to $93.00. They have a hold rating on that stock. Also, Societe Generale upgraded shares of Alcatel Lucent from a sell rating to a hold rating. Finally, Societe Generale reiterated its buy rating on shares of Barclays.
RBS has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of RBS from GBX 365 ($5.85) to GBX 350 ($5.61) in a research note to investors on Monday. They now have a neutral rating on the stock. Separately, analysts at Barclays cut their price target on shares of RBS from GBX 400 ($6.41) to GBX 380 ($6.09) in a research note to investors on Monday. They now have an overweight rating on the stock. Finally, analysts at Credit Suisse reiterated an underperform rating on shares of RBS in a research note to investors on Monday. They now have a GBX 265 ($4.25) price target on the stock. Thirteen analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. RBS has a consensus rating of Hold and an average price target of GBX 331.75 ($5.32).
RBS (LON:RBS) traded up 0.61% during mid-day trading on Monday, hitting GBX 328.00. The stock had a trading volume of 14,387,611 shares. RBS has a 52 week low of GBX 264.972 and a 52 week high of GBX 387.50. The stock has a 50-day moving average of GBX 365.1 and a 200-day moving average of GBX 331.0. The company’s market cap is £36.701 billion.
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
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