RBS (LON:RBS) had its price target trimmed by Investec from GBX 395 ($5.63) to GBX 320 ($4.56) in a research report report published on Wednesday morning, AnalystRatings.NET reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Shares of RBS (LON:RBS) traded down 1.2906% during midday trading on Wednesday, hitting GBX 252.4000. The stock had a trading volume of 7,114,899 shares. RBS has a 1-year low of GBX 246.70 and a 1-year high of GBX 414.00. The firm’s market cap is GBX 29.30 billion. The firm has a 50-day moving average price of GBX 283.32 and a 200-day moving average price of GBX 316.63.

In other RBS news, insider Stevenson,Ewen purchased 124,906 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was purchased at an average price of GBX 320 ($4.56) per share, for a total transaction of £399,699.20 ($569,453.20).

Other equities research analysts also recently issued research reports about the company. Deutsche Bank reiterated a hold rating and set a GBX 355 ($5.06) price objective on shares of RBS in a research report on Monday, October 5th. BNP Paribas reiterated a neutral rating and set a GBX 360 ($5.13) price objective on shares of RBS in a research report on Monday, October 5th. Goldman Sachs reiterated a neutral rating and set a GBX 400 ($5.70) price objective on shares of RBS in a research report on Monday, November 2nd. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 365 ($5.20) price objective on shares of RBS in a research report on Monday, November 2nd. Finally, Morgan Stanley reiterated an overwt/in-line rating and set a GBX 350 ($4.99) price objective on shares of RBS in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. RBS has a consensus rating of Hold and a consensus target price of GBX 349.71 ($4.98).

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.

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