Royal Bank of Scotland Group (RBS) PT Lowered to GBX 300 at Deutsche Bank

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Royal Bank of Scotland Group (LON:RBS) had its target price trimmed by Deutsche Bank from GBX 318 ($4.16) to GBX 300 ($3.92) in a report released on Monday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. HSBC raised Royal Bank of Scotland Group to a buy rating and upped their price objective for the stock from GBX 280 ($3.66) to GBX 290 ($3.79) in a report on Friday, August 17th. Citigroup raised Royal Bank of Scotland Group from a neutral rating to a buy rating in a report on Monday, August 20th. UBS Group raised Royal Bank of Scotland Group to a buy rating and upped their price objective for the stock from GBX 285 ($3.72) to GBX 300 ($3.92) in a report on Friday, August 10th. Shore Capital reduced their price objective on 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, Societe Generale raised Royal Bank of Scotland Group from a sell rating to a hold rating in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Royal Bank of Scotland Group presently has an average rating of Buy and a consensus target price of GBX 312.50 ($4.08).

LON:RBS opened at GBX 236.40 ($3.09) on Monday. Royal Bank of Scotland Group has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 304.20 ($3.97).

The firm also recently announced a dividend, which was paid on Friday, October 12th. Shareholders of record on Thursday, August 23rd were given a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.82%. The ex-dividend date was Thursday, August 23rd.

In other Royal Bank of Scotland Group news, insider Ross McEwan bought 99,458 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was bought 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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