Royal Bank of Scotland Group (LON:RBS) Downgraded by HSBC to Hold

HSBC downgraded shares of Royal Bank of Scotland Group (LON:RBS) from a buy rating to a hold rating in a report released on Thursday, Briefing.com Automated Import reports. They currently have GBX 210 ($2.74) target price on the financial services provider’s stock, down from their prior target price of GBX 260 ($3.40).

Other equities analysts have also recently issued reports about the company. UBS Group reduced their price objective on Royal Bank of Scotland Group from GBX 285 ($3.72) to GBX 265 ($3.46) and set a buy rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a report on Thursday, May 9th. Numis Securities reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a report on Monday, June 3rd. Barclays reduced their price objective on Royal Bank of Scotland Group from GBX 315 ($4.12) to GBX 280 ($3.66) and set an overweight rating for the company in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reduced their price objective on Royal Bank of Scotland Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a sector performer rating for the company in a report on Thursday, June 20th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 274.85 ($3.59).

Shares of RBS stock opened at GBX 182.15 ($2.38) on Thursday. The stock has a fifty day moving average price of GBX 218.21 and a 200 day moving average price of GBX 235.30. The stock has a market cap of $22.02 billion and a PE ratio of 7.99. Royal Bank of Scotland Group has a 1 year low of GBX 176.55 ($2.31) and a 1 year high of GBX 274.20 ($3.58).

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

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.

Recommended Story: What are the risks of holding treasury bonds?

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

Receive News & Ratings for Royal Bank of Scotland Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Scotland Group and related companies with MarketBeat.com's FREE daily email newsletter.