UBS Group Upgrades Royal Bank of Scotland Group (RBS) to “Buy”

Royal Bank of Scotland Group (LON:RBS) was upgraded by equities research analysts at UBS Group to a “buy” rating in a research report issued to clients and investors on Monday, investing.thisismoney.co.uk reports.

A number of other research firms have also weighed in on RBS. Credit Suisse Group reduced their price objective on shares of Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “neutral” rating for the company in a research note on Monday, September 24th. Shore Capital upgraded shares of Royal Bank of Scotland Group to a “buy” rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Royal Bank of Scotland Group in a research note on Monday, August 6th. Citigroup reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, September 5th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank of Scotland Group in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 312.50 ($4.08).

Royal Bank of Scotland Group stock opened at GBX 232.80 ($3.04) on Monday. Royal Bank of Scotland Group has a 1-year low of GBX 221.80 ($2.90) and a 1-year high of GBX 304.20 ($3.97).

In other Royal Bank of Scotland Group news, insider Ross McEwan acquired 99,458 shares of Royal Bank of Scotland Group stock in a transaction that occurred on Tuesday, October 30th. The stock was acquired at an average cost of GBX 230 ($3.01) per share, for a total transaction of £228,753.40 ($298,906.83).

About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

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