Royal Bank of Scotland Group plc’s (RBS) Hold Rating Reaffirmed at Shore Capital

Royal Bank of Scotland Group plc (LON:RBS)‘s stock had its “hold” rating reiterated by analysts at Shore Capital in a research report issued on Wednesday, May 24th.

Several other equities research analysts have also recently commented on RBS. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 185 ($2.34) target price on shares of Royal Bank of Scotland Group plc in a research note on Tuesday, January 31st. Barclays PLC reaffirmed an “equal weight” rating on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 212 ($2.68) target price on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 20th. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 170 ($2.15) target price on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 225 ($2.85) target price on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 20th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 242.22 ($3.06).

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

Royal Bank of Scotland Group plc (RBS) traded down 0.72% during trading on Wednesday, hitting GBX 249.70. The stock had a trading volume of 19,496,198 shares. The firm’s market capitalization is GBX 29.50 billion. Royal Bank of Scotland Group plc has a one year low of GBX 148.40 and a one year high of GBX 271.00. The stock has a 50 day moving average of GBX 259.89 and a 200 day moving average of GBX 238.10.

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In other Royal Bank of Scotland Group plc news, insider Ross McEwan purchased 187,674 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of GBX 266 ($3.36) per share, for a total transaction of £499,212.84 ($631,515.29).

About 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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