Royal Bank of Scotland Group (LON:RBS) Now Covered by Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Royal Bank of Scotland Group (LON:RBS) in a research report sent to investors on Tuesday, Digital Look reports. The brokerage issued an outperform rating and a GBX 260 ($3.42) price target on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Friday, December 13th. Goldman Sachs Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Friday, January 17th. Berenberg Bank reaffirmed a buy rating and set a GBX 280 ($3.68) target price on shares of Royal Bank of Scotland Group in a research report on Friday, October 25th. HSBC boosted their target price on Royal Bank of Scotland Group from GBX 210 ($2.76) to GBX 230 ($3.03) and gave the stock a hold rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Royal Bank of Scotland Group has an average rating of Hold and a consensus price target of GBX 266.60 ($3.51).

Shares of Royal Bank of Scotland Group stock opened at GBX 215.82 ($2.84) on Tuesday. The stock’s fifty day moving average is GBX 228.98 and its 200-day moving average is GBX 217.22. The firm has a market capitalization of $27.66 billion and a PE ratio of 13.08. Royal Bank of Scotland Group has a 12-month low of GBX 2.23 ($0.03) and a 12-month high of GBX 274.20 ($3.61).

The firm also recently declared a dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, March 26th will be given a dividend of GBX 8 ($0.11) per share. This represents a yield of 3.5%. The ex-dividend date is Thursday, March 26th. Royal Bank of Scotland Group’s payout ratio is 0.24%.

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

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