The Royal Bank of Scotland (RBS.L) 06-03-20
Shares in The Royal Bank of Scotland (RBS.L) have dropped from recent highs of 261p. Are further falls imminent, or will investors benefit from this low price?
- A return to previous highs would represent a rise of 68%. Now trading at 155.2p (at time of writing).
- This stock is one of the most significant fallers in the period.
- Is the fall justified? Is a bounce due?
- The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
- Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
- Shares -42% from 12-month highs; +-3% from 12 month lows.
Latest News
05 Mar: JP Morgan Cazenove reiterates its overweight rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 230p (from 250p).
02 Mar: Barclays Capital reiterates its underweight rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 190p (from 225p).
27 Feb: Berenberg reiterates its buy rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 260p (from 280p).
25 Feb: Investec has upgraded its rating on Royal Bank of Scotland Group (The) (RBS) to buy (from hold).
20 Feb: UBS reiterates its neutral rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 215p (from 230p).
18 Feb: Morgan Stanley reiterates its overweight rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 275p (from 300p).
18 Feb: JP Morgan Cazenove reiterates its overweight rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 250p (from 260p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires