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Home / Support and Resistance / The Royal Bank of Scotland (RBS.L) 21-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

The Royal Bank of Scotland (RBS.L) 21-04-20

Will The Royal Bank of Scotland (RBS.L) break below the 103p support, or bounce to highs at 261p (+151%)?

  • Currently trading around the 103p support at 103.75p (at time of writing).
  • Will the shares rally to recent highs of 261p? (+151%).
  • Shares -60% from 12-month highs; +2% from 12 month lows.

Latest News

16 Apr:  Barclays Capital has upgraded its rating on Royal Bank of Scotland Group (The) (RBS) to equal weight (from underweight) and reduced the target price to 130p (from 190p).

09 Apr:  Credit Suisse reiterates its outperform rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 175p (from 260p).

02 Apr:  JP Morgan Cazenove reiterates its overweight rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 200p (from 230p).

02 Apr:  RBC Capital Markets reiterates its sector performer rating on Royal Bank of Scotland Group (The) (RBS) and reduced the target price to 150p (from 155p).

 

01 Apr:  Royal Bank of Scotland announced it would pay out no further dividends or buy back more shares as a result of the Covid-19 pandemic.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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