Berenberg Bank Reaffirms Buy Rating for Royal Bank of Scotland Group plc (LON:RBS)

Berenberg Bank reiterated their buy rating on shares of Royal Bank of Scotland Group plc (LON:RBS) in a report published on Wednesday morning. They currently have a GBX 275 ($3.58) price objective on the financial services provider’s stock.

Several other research analysts have also weighed in on RBS. Barclays PLC reiterated an equal weight rating on shares of Royal Bank of Scotland Group plc in a report on Monday, August 7th. Deutsche Bank AG reiterated a hold rating and set a GBX 275 ($3.58) price objective on shares of Royal Bank of Scotland Group plc in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 285 ($3.71) price objective on shares of Royal Bank of Scotland Group plc in a report on Friday, June 9th. Shore Capital restated a hold rating on shares of Royal Bank of Scotland Group plc in a report on Friday, August 4th. Finally, BNP Paribas restated a neutral rating and issued a GBX 280 ($3.65) price target on shares of Royal Bank of Scotland Group plc in a report on Wednesday, July 19th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group plc has an average rating of Hold and an average target price of GBX 246.84 ($3.21).

Shares of Royal Bank of Scotland Group plc (LON RBS) opened at 257.10 on Wednesday. Royal Bank of Scotland Group plc has a 1-year low of GBX 168.20 and a 1-year high of GBX 271.00. The stock’s market capitalization is GBX 30.49 billion. The stock has a 50 day moving average of GBX 253.45 and a 200-day moving average of GBX 247.63.

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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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