Royal Bank of Scotland Group plc (LON:RBS) dropped 0.6% during trading on Friday . The stock traded as low as GBX 274 ($3.69) and last traded at GBX 276.30 ($3.72). Approximately 14,057,167 shares changed hands during trading, an increase of 25% from the average daily volume of 11,260,000 shares. The stock had previously closed at GBX 277.90 ($3.74).

RBS has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Royal Bank of Scotland Group from an “underperform” rating to a “sector performer” rating and lifted their price target for the stock from GBX 210 ($2.83) to GBX 240 ($3.23) in a research note on Monday, September 4th. Societe Generale reiterated a “sell” rating on shares of Royal Bank of Scotland Group in a research note on Monday, September 11th. reiterated a “hold” rating and set a GBX 250 ($3.36) price target on shares of Royal Bank of Scotland Group in a research note on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 265 ($3.57) price target on shares of Royal Bank of Scotland Group in a research note on Tuesday, September 19th. Finally, Deutsche Bank reiterated a “hold” rating and set a GBX 269 ($3.62) price target on shares of Royal Bank of Scotland Group in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 270.89 ($3.65).

In related news, insider Ross McEwan acquired 177,104 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of GBX 282 ($3.80) per share, with a total value of £499,433.28 ($672,184.76).

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Royal Bank of Scotland Group Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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