Royal Bank of Scotland Group (LON:RBS) had its price objective cut by equities researchers at Goldman Sachs Group from GBX 395 ($5.16) to GBX 370 ($4.83) in a research report issued on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group’s price target indicates a potential upside of 72.41% from the stock’s previous close.

Several other research firms have also commented on RBS. Morgan Stanley reissued an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, March 20th. Credit Suisse Group increased their price target on shares of Royal Bank of Scotland Group from GBX 280 ($3.66) to GBX 285 ($3.72) and gave the company a “neutral” rating in a research report on Monday, March 4th. Bank of America raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. Jefferies Financial Group reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, April 9th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 296 ($3.87) price target on shares of Royal Bank of Scotland Group in a research report on Monday, February 25th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 305.15 ($3.99).

RBS stock opened at GBX 214.60 ($2.80) on Thursday. The stock has a market cap of $26.22 billion and a price-to-earnings ratio of 17.17. Royal Bank of Scotland Group has a one year low of GBX 200.10 ($2.61) and a one year high of GBX 297.40 ($3.89).

In other news, insider Ross McEwan sold 98,434 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £231,319.90 ($302,260.42).

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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