Royal Bank of Scotland Group (LON:RBS) Earns Buy Rating from UBS Group

UBS Group reissued their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 255 ($3.33) target price on the financial services provider’s stock, down from their prior target price of GBX 265 ($3.46).

Several other equities analysts have also issued reports on RBS. HSBC lowered Royal Bank of Scotland Group from a buy rating to a hold rating and dropped their price target for the company from GBX 260 ($3.40) to GBX 210 ($2.74) in a research note on Thursday, August 15th. Shore Capital reissued a buy rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, September 4th. Macquarie lowered Royal Bank of Scotland Group from an outperform rating to a neutral rating and dropped their price target for the company from GBX 246 ($3.21) to GBX 201 ($2.63) in a research note on Thursday, August 15th. Barclays reaffirmed an overweight rating on shares of Royal Bank of Scotland Group in a research report on Thursday, September 12th. Finally, Berenberg Bank lowered their target price on Royal Bank of Scotland Group from GBX 340 ($4.44) to GBX 280 ($3.66) and set a buy rating on the stock in a research report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Royal Bank of Scotland Group has an average rating of Hold and a consensus target price of GBX 263.23 ($3.44).

Shares of RBS opened at GBX 207.30 ($2.71) on Friday. Royal Bank of Scotland Group has a 52-week low of GBX 176.55 ($2.31) and a 52-week high of GBX 274.20 ($3.58). The business’s 50 day moving average price is GBX 195.53 and its two-hundred day moving average price is GBX 226.71. The firm has a market cap of $25.07 billion and a PE ratio of 9.09.

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

Featured Story: Why is the ex-dividend date different from the record date?

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.