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

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

A number of research firms have recently weighed in on RBS. Deutsche Bank AG cut their price target on Royal Bank of Scotland Group plc from GBX 252 ($3.17) to GBX 240 ($3.02) and set a “hold” rating for the company in a research note on Wednesday. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 235 ($2.96) price target on shares of Royal Bank of Scotland Group plc in a research note on Thursday, March 9th. Barclays PLC raised Royal Bank of Scotland Group plc from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from GBX 200 ($2.52) to GBX 250 ($3.15) in a research note on Monday, February 20th. Citigroup Inc reaffirmed a “sell” rating and set a GBX 170 ($2.14) price target on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 20th. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 195 ($2.45) price objective on shares of Royal Bank of Scotland Group plc in a report on Thursday, March 16th.

In other Royal Bank of Scotland Group plc news, insider Ewen Stevenson acquired 30,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was purchased at an average price of GBX 234 ($2.95) per share, for a total transaction of £70,200 ($88,357.46).

Royal Bank of Scotland Group plc (LON:RBS) traded up 0.13% during trading on Friday, reaching GBX 239.80. 13,242,139 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 28.26 billion. The stock has a 50-day moving average price of GBX 238.60 and a 200 day moving average price of GBX 219.24. Royal Bank of Scotland Group plc has a 52 week low of GBX 148.40 and a 52 week high of GBX 260.90.

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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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