ABERDEEN ASSET MANAGEMENT
Analysts at Citigroup yesterday downgraded the stock from “buy” to “neutral”, citing slow capital returns. They also increased the target price from 320p to 345p.
George O'Connor at Panmure Gordon has reiterated his “sell” rating, saying brokers have “spivved up take-up chatter” but “the valuation is out of kilter with operational reality.”
UBS analysts have upgraded the part-nationalised bank to “buy”. They believe the appointment of Mark Carney to lead the Bank of England will be good for state-owned banks.