Royal Bank of Scotland Group plc (LON:RBS) Receives Average Rating of “Hold” from Brokerages

Royal Bank of Scotland Group plc (LON:RBS) has received a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 265.90 ($3.47).

A number of research analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Thursday, November 7th. UBS Group downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from GBX 255 ($3.33) to GBX 235 ($3.07) in a research report on Tuesday, October 29th. Barclays restated an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Monday, October 14th. Macquarie downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from GBX 246 ($3.21) to GBX 201 ($2.63) in a research report on Thursday, August 15th. Finally, Royal Bank of Canada restated a “sector performer” rating and issued a GBX 230 ($3.01) price target on shares of Royal Bank of Scotland Group in a research report on Thursday, August 29th.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other news, insider Mark Seligman acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of GBX 214 ($2.80) per share, with a total value of £21,400 ($27,962.89).

Royal Bank of Scotland Group stock opened at GBX 222 ($2.90) on Tuesday. The firm’s 50-day moving average is GBX 224.07 and its 200-day moving average is GBX 213.24. Royal Bank of Scotland Group has a 1 year low of GBX 2.23 ($0.03) and a 1 year high of GBX 274.20 ($3.58). The company has a market cap of $26.85 billion and a P/E ratio of 13.45.

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.

Featured Story: What is an investor looking for in an SEC filing?

Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

Leave a Reply

Your email address will not be published. Required fields are marked *

*