Royal Bank of Scotland Group (RBS) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research note published on Friday.

Several other equities research analysts have also issued reports on RBS. Deutsche Bank reduced their price objective on shares of Royal Bank of Scotland Group from GBX 268.40 ($3.51) to GBX 245.70 ($3.21) and set a buy rating for the company in a research note on Monday, July 16th. Berenberg Bank reaffirmed a buy rating and issued a GBX 340 ($4.44) price objective on shares of Royal Bank of Scotland Group in a research note on Friday, July 20th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Bank of Scotland Group in a research note on Monday, August 6th. UBS Group raised shares of Royal Bank of Scotland Group to a buy rating and lifted their price objective for the company from GBX 285 ($3.72) to GBX 300 ($3.92) in a research note on Friday, August 10th. Finally, HSBC raised shares of Royal Bank of Scotland Group to a buy rating and lifted their price objective for the company from GBX 280 ($3.66) to GBX 290 ($3.79) in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Royal Bank of Scotland Group has a consensus rating of Buy and an average target price of GBX 312.50 ($4.08).

RBS stock opened at GBX 230.10 ($3.01) on Friday. Royal Bank of Scotland Group has a 1 year low of GBX 221.80 ($2.90) and a 1 year high of GBX 304.20 ($3.97).



The company also recently announced a dividend, which was paid on Friday, October 12th. Investors of record on Thursday, August 23rd were issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a yield of 0.82%.

Royal Bank of Scotland Group Company Profile

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.

See Also: How to Use the New Google Finance Tool

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

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.

Leave a Reply