rbs rates due as upgrade to buy from hold

Following a review of its numbers the broker now takes the view the group's capital position is not as bad as it had previously thought.

As the market accepts this it expects attention to return to what are high quality assets and at current levels the broker sees excellent value, wich is behind its upgrade to a Buy rating. Sector: Utilities.

Target price is $1.85.Current Price is $1.54. Difference: $0.32 - (brackets indicate current price is over target). If DUE meets the RBS Australia target it will return approximately 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).