Royal Bank of Scotland Group (RBS) Price Target Raised to GBX 395

Royal Bank of Scotland Group (LON:RBS) had its price target increased by Goldman Sachs Group from GBX 350 ($4.57) to GBX 395 ($5.16) in a report issued on Tuesday. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on RBS. Credit Suisse Group increased their target price on shares of Royal Bank of Scotland Group from GBX 280 ($3.66) to GBX 285 ($3.72) and gave the stock a neutral rating in a research note on Monday, March 4th. Deutsche Bank reiterated a buy rating and issued a GBX 296 ($3.87) target price on shares of Royal Bank of Scotland Group in a research note on Monday, February 25th. Berenberg Bank reiterated a buy rating and issued a GBX 340 ($4.44) target price on shares of Royal Bank of Scotland Group in a research note on Tuesday, February 19th. Jefferies Financial Group reiterated a buy rating and issued a GBX 341 ($4.46) target price on shares of Royal Bank of Scotland Group in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Royal Bank of Scotland Group currently has an average rating of Buy and an average price target of GBX 309.77 ($4.05).

Shares of RBS stock opened at GBX 266.70 ($3.48) on Tuesday. Royal Bank of Scotland Group has a 12 month low of GBX 221.80 ($2.90) and a 12 month high of GBX 304.20 ($3.97).

The business also recently declared a dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 21st will be issued a GBX 11 ($0.14) dividend. This is a positive change from Royal Bank of Scotland Group’s previous dividend of $2.00. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 4.55%.

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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