Royal Bank of Canada reaffirmed their sector performer rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research note published on Thursday morning. Royal Bank of Canada currently has a GBX 280 ($3.66) price target on the financial services provider’s stock.
A number of other brokerages have also recently issued reports on RBS. HSBC upgraded Royal Bank of Scotland Group to a buy rating and increased their target price for the stock from GBX 280 ($3.66) to GBX 290 ($3.79) in a report on Friday, August 17th. Citigroup upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a report on Monday, August 20th. UBS Group upgraded Royal Bank of Scotland Group to a buy rating and increased their target price for the stock from GBX 285 ($3.72) to GBX 300 ($3.92) in a report on Friday, August 10th. Berenberg Bank reiterated a buy rating on shares of Royal Bank of Scotland Group in a report on Monday, October 29th. Finally, Deutsche Bank cut their target price on Royal Bank of Scotland Group from GBX 318 ($4.16) to GBX 300 ($3.92) and set a buy rating on the stock in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 310.92 ($4.06).
Shares of RBS stock traded up GBX 0.60 ($0.01) during trading hours on Thursday, hitting GBX 212.60 ($2.78). 8,632,066 shares of the company were exchanged, compared to its average volume of 16,430,000. 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).
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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