Royal Bank of Scotland Group plc (LON:RBS) declared a dividend on Friday, February 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 26th will be paid a dividend of GBX 8 ($0.11) per share by the financial services provider on Monday, May 4th. This represents a dividend yield of 3.5%. The ex-dividend date is Thursday, March 26th. The official announcement can be seen at this link.

Shares of RBS traded down GBX 15.10 ($0.20) during mid-day trading on Friday, hitting GBX 213.60 ($2.81). The stock had a trading volume of 39,092,697 shares, compared to its average volume of 16,430,000. The company has a market cap of $27.66 billion and a PE ratio of 12.95. The company’s fifty day simple moving average is GBX 228.98 and its two-hundred day simple moving average is GBX 217.22. Royal Bank of Scotland Group has a fifty-two week low of GBX 2.23 ($0.03) and a fifty-two week high of GBX 274.20 ($3.61).

Several research analysts have recently commented on RBS shares. HSBC lifted their target price on Royal Bank of Scotland Group from GBX 210 ($2.76) to GBX 230 ($3.03) and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Credit Suisse Group initiated coverage on shares of Royal Bank of Scotland Group in a report on Tuesday. They set an “outperform” rating and a GBX 260 ($3.42) price objective on the stock. Deutsche Bank upped their price objective on shares of Royal Bank of Scotland Group from GBX 215 ($2.83) to GBX 235 ($3.09) and gave the company a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a report on Friday, December 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Monday, January 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 266.60 ($3.51).

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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