Deutsche Bank Reiterates Buy Rating for Royal Bank of Scotland Group (LON:RBS)

Royal Bank of Scotland Group (LON:RBS)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

RBS has been the topic of a number of other reports. Royal Bank of Canada dropped their price objective on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating on the stock in a research note on Thursday, June 20th. Jefferies Financial Group dropped their price objective on Seres Therapeutics from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Monday, July 1st. Barclays upgraded WPP from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 29th. Goldman Sachs Group upgraded Lenovo Group from a “neutral” rating to a “buy” rating in a research note on Thursday, May 23rd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered Aeroports de Paris from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 297.85 ($3.89).

Royal Bank of Scotland Group stock opened at GBX 230 ($3.01) on Friday. The business has a 50-day simple moving average of GBX 218.26. The company has a market capitalization of $27.81 billion and a price-to-earnings ratio of 18.40. Royal Bank of Scotland Group has a 52 week low of GBX 200.10 ($2.61) and a 52 week high of GBX 274.20 ($3.58).

In related news, insider Ross McEwan sold 98,434 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £231,319.90 ($302,260.42).

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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