Royal Bank of Scotland Group (RBS) Stock Rating Reaffirmed by Berenberg Bank

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Royal Bank of Scotland Group (LON:RBS)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Monday.

RBS has been the topic of a number of other research reports. Credit Suisse Group cut their price objective on shares of Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “neutral” rating on the stock in a report on Monday, September 24th. HSBC upgraded shares of Royal Bank of Scotland Group to a “buy” rating and increased their price target for the company from GBX 280 ($3.66) to GBX 290 ($3.79) in a report on Friday, August 17th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 345 ($4.51) price target (up previously from GBX 330 ($4.31)) on shares of Royal Bank of Scotland Group in a report on Wednesday, September 12th. Shore Capital cut their price target on shares of Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 285 ($3.72) and set a “hold” rating on the stock in a report on Friday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 312.50 ($4.08).

Shares of RBS opened at GBX 232.80 ($3.04) on Monday. Royal Bank of Scotland Group has a fifty-two week low of GBX 221.80 ($2.90) and a fifty-two week high of GBX 304.20 ($3.97).

In other news, insider Ross McEwan purchased 99,458 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of GBX 230 ($3.01) per share, for a total transaction of £228,753.40 ($298,906.83).

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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