Royal Bank of Scotland Group plc (LON:RBS) to Issue Dividend of GBX 8
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).
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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