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).
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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