The Royal Bank of Scotland Group plc (LON:RBS)’s share price fell 0% during mid-day trading on Wednesday . The company traded as low as GBX 274.20 ($3.61) and last traded at GBX 269.50 ($3.54). 14,633,520 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 11,870,000 shares. The stock had previously closed at GBX 269.50 ($3.54).

A number of brokerages recently issued reports on RBS. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 265 ($3.49) price target on shares of The Royal Bank of Scotland Group plc in a report on Monday, October 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 300 ($3.95) price target on shares of The Royal Bank of Scotland Group plc in a report on Monday, October 30th. Berenberg Bank upped their price target on The Royal Bank of Scotland Group plc from GBX 275 ($3.62) to GBX 300 ($3.95) and gave the company a “buy” rating in a report on Monday, October 30th. Societe Generale reaffirmed a “sell” rating on shares of The Royal Bank of Scotland Group plc in a report on Monday, October 23rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of The Royal Bank of Scotland Group plc in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 265.21 ($3.49).

In related news, insider Ross McEwan purchased 177,104 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of GBX 282 ($3.71) per share, with a total value of £499,433.28 ($656,889.75).

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About The Royal Bank of Scotland Group plc

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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