Royal Bank of Scotland: UBS upgrades to 'buy'
(CercleFinance.com) - UBS has upgraded Royal Bank of Scotland to "buy" from "neutral", citing a "real opportunity" on the share due to "undervalued capital optionality.
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"The RBS stock hasn't tracked positive EPS revisions, stronger capital generation or settlement of legacy liabilities," analysts said in a note to clients.
The broker also raised its target price on the stock from 285 pence to 300 pence.
Against all odds, the share was not reacting positively to this news, down 0.3% at 251.3 pence in morning trading today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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"The RBS stock hasn't tracked positive EPS revisions, stronger capital generation or settlement of legacy liabilities," analysts said in a note to clients.
The broker also raised its target price on the stock from 285 pence to 300 pence.
Against all odds, the share was not reacting positively to this news, down 0.3% at 251.3 pence in morning trading today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.