Analysts Set Royal Bank of Scotland Group plc (LON:RBS) Price Target at GBX 292.86

Shares of Royal Bank of Scotland Group plc (LON:RBS) have earned an average recommendation of “Buy” from the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 294.17 ($3.84).

A number of research firms have recently weighed in on RBS. Numis Securities reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Monday, June 3rd. Goldman Sachs Group dropped their price target on shares of Royal Bank of Scotland Group from GBX 395 ($5.16) to GBX 370 ($4.83) and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Shore Capital restated a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Friday. UBS Group restated a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Friday. Finally, Morgan Stanley restated an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Friday, July 26th.

LON:RBS opened at GBX 202.90 ($2.65) on Wednesday. The firm has a market capitalization of $24.53 billion and a price-to-earnings ratio of 16.23. Royal Bank of Scotland Group has a 1-year low of GBX 200.10 ($2.61) and a 1-year high of GBX 274.20 ($3.58). The business has a fifty day simple moving average of GBX 222.81.

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be issued a dividend of GBX 14 ($0.18) per share. This represents a yield of 6.82%. This is an increase from Royal Bank of Scotland Group’s previous dividend of $11.00. The ex-dividend date of this dividend is Thursday, August 15th. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 0.56%.

In other Royal Bank of Scotland Group news, insider Ross McEwan sold 98,434 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £231,319.90 ($302,260.42).

Royal Bank of Scotland Group Company Profile

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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