Royal Bank of Scotland Group plc (RBS) Receives GBX 234.06 Average Price Target from Analysts

Shares of Royal Bank of Scotland Group plc (LON:RBS) have received an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 231.82 ($2.92).

Several equities research analysts recently commented on RBS shares. Barclays PLC raised their target price on Royal Bank of Scotland Group plc from GBX 175 ($2.20) to GBX 200 ($2.52) and gave the stock an “underweight” rating in a research note on Friday, January 6th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 195 ($2.45) target price on shares of Royal Bank of Scotland Group plc in a research note on Monday, January 9th. Macquarie reaffirmed a “neutral” rating and set a GBX 220 ($2.77) target price on shares of Royal Bank of Scotland Group plc in a research note on Friday, January 13th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 172 ($2.16) target price on shares of Royal Bank of Scotland Group plc in a research note on Friday, January 13th. Finally, Goldman Sachs Group Inc cut Royal Bank of Scotland Group plc from a “buy” rating to a “neutral” rating and raised their target price for the stock from GBX 240 ($3.02) to GBX 270 ($3.40) in a research note on Tuesday, January 17th.

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Royal Bank of Scotland Group plc (LON:RBS) traded up 0.13% during mid-day trading on Friday, reaching GBX 239.80. 13,242,139 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 28.26 billion. The firm’s 50-day moving average price is GBX 238.60 and its 200 day moving average price is GBX 219.24. Royal Bank of Scotland Group plc has a 12 month low of GBX 148.40 and a 12 month high of GBX 260.90.

In other news, insider Ewen Stevenson bought 30,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was acquired at an average cost of GBX 234 ($2.95) per share, with a total value of £70,200 ($88,357.46).

Royal Bank of Scotland Group plc Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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