Royal Bank of Scotland Group’s (RBS) “Buy” Rating Reaffirmed at Jefferies Financial Group

Royal Bank of Scotland Group (LON:RBS)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 418 ($5.46) price target on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 85.04% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Royal Bank of Scotland Group in a research note on Friday, July 26th. Macquarie downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from GBX 246 ($3.21) to GBX 201 ($2.63) in a research note on Thursday, August 15th. HSBC downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from GBX 260 ($3.40) to GBX 210 ($2.74) in a research note on Thursday, August 15th. UBS Group reiterated a “buy” rating and set a GBX 255 ($3.33) target price (down previously from GBX 265 ($3.46)) on shares of Royal Bank of Scotland Group in a research note on Friday, September 13th. Finally, Royal Bank of Canada reiterated a “sector performer” rating and set a GBX 230 ($3.01) target price on shares of Royal Bank of Scotland Group in a research note on Thursday, August 29th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Royal Bank of Scotland Group has an average rating of “Hold” and an average target price of GBX 270.31 ($3.53).

Shares of LON:RBS traded down GBX 7.80 ($0.10) during trading on Thursday, hitting GBX 225.90 ($2.95). The company’s stock had a trading volume of 30,992,190 shares, compared to its average volume of 16,430,000. The business has a 50 day moving average price of GBX 207.92 and a two-hundred day moving average price of GBX 218.33. The company has a market capitalization of $27.67 billion and a PE ratio of 9.91. Royal Bank of Scotland Group has a fifty-two week low of GBX 176.55 ($2.31) and a fifty-two week high of GBX 274.20 ($3.58).

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

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