Bank of America upgraded shares of Royal Bank of Scotland Group (LON:RBS) from an underperform rating to a neutral rating in a report issued on Thursday morning, Briefing.com Automated Import reports.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, April 9th. UBS Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Friday, February 15th. Deutsche Bank upped their price target on shares of Royal Bank of Scotland Group from GBX 276 ($3.61) to GBX 296 ($3.87) and gave the stock a buy rating in a research report on Tuesday, February 19th. Morgan Stanley reaffirmed an equal weight rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, March 20th. Finally, Goldman Sachs Group set a GBX 350 ($4.57) price target on shares of Royal Bank of Scotland Group and gave the stock a buy rating in a research report on Wednesday, February 6th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Royal Bank of Scotland Group presently has a consensus rating of Buy and an average price target of GBX 309.77 ($4.05).

Shares of RBS opened at GBX 262.40 ($3.43) on Thursday. Royal Bank of Scotland Group has a fifty-two week low of GBX 200.10 ($2.61) and a fifty-two week high of GBX 297.40 ($3.89). The company has a market capitalization of $31.70 billion and a PE ratio of 19.58.

The company also recently announced a dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 21st will be given a dividend of GBX 11 ($0.14) per share. This is a boost from Royal Bank of Scotland Group’s previous dividend of $2.00. The ex-dividend date is Thursday, March 21st. This represents a yield of 4.55%. Royal Bank of Scotland Group’s dividend payout ratio is presently 0.52%.

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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