Royal Bank of Scotland Group (LON:RBS) was upgraded by Morgan Stanley from an “equal” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has a GBX 330 ($4.48) price objective on the financial services provider’s stock, up from their previous price objective of GBX 265 ($3.59). Morgan Stanley’s target price indicates a potential upside of 12.47% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Jefferies Group reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Monday, December 18th. Citigroup reissued a “neutral” rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, December 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 300 ($4.07) price target on shares of Royal Bank of Scotland Group in a research note on Wednesday, November 29th. HSBC reissued a “hold” rating and issued a GBX 280 ($3.80) price target on shares of Royal Bank of Scotland Group in a research note on Wednesday, November 29th. Finally, Shore Capital reissued a “hold” rating on shares of Royal Bank of Scotland Group in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Royal Bank of Scotland Group has a consensus rating of “Hold” and a consensus target price of GBX 274.50 ($3.72).

Royal Bank of Scotland Group (LON:RBS) traded up GBX 12.90 ($0.17) during mid-day trading on Wednesday, reaching GBX 293.40 ($3.98). 20,773,965 shares of the company were exchanged, compared to its average volume of 9,630,000. Royal Bank of Scotland Group has a 12 month low of GBX 213.40 ($2.89) and a 12 month high of GBX 293.60 ($3.98). The company has a market capitalization of $35,100.00 and a P/E ratio of -1,086.67.

In related news, insider Ross McEwan bought 177,104 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of GBX 282 ($3.82) per share, for a total transaction of £499,433.28 ($677,289.50).

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About Royal Bank of Scotland Group

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.

Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

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