Royal Bank of Scotland Group plc (LON:RBS) had its price objective boosted by Berenberg Bank from GBX 275 ($3.63) to GBX 300 ($3.96) in a research note issued to investors on Monday. Berenberg Bank currently has a buy rating on the financial services provider’s stock.
Several other analysts have also issued reports on RBS. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 265 ($3.50) target price on shares of Royal Bank of Scotland Group plc in a research note on Monday. HSBC Holdings plc raised Royal Bank of Scotland Group plc from a reduce rating to a hold rating and upped their target price for the stock from GBX 210 ($2.77) to GBX 250 ($3.30) in a research note on Friday, August 11th. Shore Capital reaffirmed a hold rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, October 27th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 269 ($3.55) target price on shares of Royal Bank of Scotland Group plc in a research note on Tuesday, September 26th. Finally, Barclays PLC reaffirmed an equal weight rating on shares of Royal Bank of Scotland Group plc in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 264.39 ($3.49).
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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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