Royal Bank of Scotland Group (RBS) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Royal Bank of Scotland Group (LON:RBS) from an equal rating to an overweight rating in a research report report published on Wednesday, MarketBeat reports. Morgan Stanley currently has GBX 330 ($4.48) price target on the financial services provider’s stock, up from their prior price target of GBX 265 ($3.59).

Other analysts also recently issued reports about the company. restated a hold rating and issued a GBX 250 ($3.39) target price on shares of Royal Bank of Scotland Group in a research note on Monday, September 18th. Deutsche Bank restated a hold rating and issued a GBX 269 ($3.65) target price on shares of Royal Bank of Scotland Group in a research note on Tuesday, September 19th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 265 ($3.59) target price on shares of Royal Bank of Scotland Group in a research note on Tuesday, September 19th. Credit Suisse Group restated a neutral rating and issued a GBX 290 ($3.93) target price on shares of Royal Bank of Scotland Group in a research note on Monday, November 27th. Finally, Jefferies Group upgraded Royal Bank of Scotland Group from a hold rating to a buy rating and raised their target price for the company from GBX 262 ($3.55) to GBX 306 ($4.15) in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 274.50 ($3.72).

Shares of Royal Bank of Scotland Group (LON RBS) traded up GBX 3.40 ($0.05) on Wednesday, hitting GBX 296.80 ($4.02). The stock had a trading volume of 11,380,000 shares, compared to its average volume of 9,880,000. The firm has a market cap of $35,500.00 and a P/E ratio of -1,099.26. Royal Bank of Scotland Group has a 12 month low of GBX 213.40 ($2.89) and a 12 month high of GBX 297.50 ($4.03).

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

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Royal Bank of Scotland Group Company Profile

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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