JPMorgan Chase & Co. upgraded shares of Royal Bank of Scotland Group (LON:RBS) to an overweight rating in a research note released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 280 ($3.66) price target on the financial services provider’s stock, up from their prior price target of GBX 210 ($2.74).
Other equities analysts also recently issued reports about the stock. HSBC downgraded shares of Royal Bank of Scotland Group from a buy rating to a hold rating and decreased their price target for the stock from GBX 260 ($3.40) to GBX 210 ($2.74) in a research note on Thursday, August 15th. Deutsche Bank reissued a hold rating on shares of Royal Bank of Scotland Group in a research note on Thursday, October 17th. Jefferies Financial Group reissued a buy rating and issued a GBX 418 ($5.46) price target on shares of Royal Bank of Scotland Group in a research note on Monday, October 14th. UBS Group reissued a buy rating and issued a GBX 255 ($3.33) price target (down from GBX 265 ($3.46)) on shares of Royal Bank of Scotland Group in a research note on Friday, September 13th. Finally, Shore Capital reissued a buy rating on shares of Royal Bank of Scotland Group in a research note on Friday, September 20th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 270.31 ($3.53).
RBS stock opened at GBX 242.60 ($3.17) on Friday. Royal Bank of Scotland Group has a 1 year low of GBX 176.55 ($2.31) and a 1 year high of GBX 274.20 ($3.58). The company has a market cap of $29.45 billion and a P/E ratio of 10.64. The firm has a 50-day moving average of GBX 205.87 and a 200 day moving average of GBX 218.50.
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.
Recommended Story: Cash Flow Analysis in Stock Selection
Receive News & Ratings for Royal Bank of Scotland Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Scotland Group and related companies with MarketBeat.com's FREE daily email newsletter.