The Royal Bank of Scotland (RBS.L) 10-01-20
The Royal Bank of Scotland (RBS.L) has dropped from highs of 261p. Will it continue, or could you pick up a bargain?
- Now trading at 234.4p (at time of writing). A return to period highs would mean a rise of 11%.
- This shares are amongst the most significant fallers in the period.
- Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
- Bargain hunters should be mindful of the underlying fundamentals.
- Shares -13% from 12-month highs; +31% from 12 month lows.
Latest News
17 Dec: Goldman Sachs reiterates its buy rating on Royal Bank of Scotland Group (RBS) and increased the target price to 315p (from 285p).
17 Dec: Citigroup has downgraded its rating on Royal Bank of Scotland Group (RBS) to neutral (from buy) and increased the target price to 250p (from 240p).
26 Nov: HSBC reiterates its hold rating on Royal Bank of Scotland Group (RBS) and increased the target price to 230p (from 210p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires