Royal Bank of Scotland Group plc (RBS) Receives Consensus Rating of “Buy” from Analysts
Shares of Royal Bank of Scotland Group plc (LON:RBS) have been given a consensus rating of “Buy” by the sixteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 305.13 ($3.99).
Several equities research analysts recently weighed in on RBS shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, November 14th. Goldman Sachs Group upped their target price on shares of Royal Bank of Scotland Group from GBX 345 ($4.51) to GBX 350 ($4.57) and gave the stock a “buy” rating in a research note on Tuesday, December 4th. Jefferies Financial Group lowered their price target on shares of Royal Bank of Scotland Group from GBX 358 ($4.68) to GBX 341 ($4.46) and set a “buy” rating for the company in a report on Wednesday, November 21st. HSBC lowered their price target on shares of Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating for the company in a report on Friday, January 18th. Finally, Morgan Stanley cut shares of Royal Bank of Scotland Group from an “overweight” rating to an “equal” rating in a report on Monday.
Shares of Royal Bank of Scotland Group stock traded down GBX 2.30 ($0.03) on Wednesday, reaching GBX 236.80 ($3.09). The company had a trading volume of 9,233,950 shares, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 304.20 ($3.97).
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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