Royal Bank of Scotland Group (LON:RBS) Lifted to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Royal Bank of Scotland Group (LON:RBS) to an overweight rating in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 280 ($3.66) price target on the financial services provider’s stock, up from their previous price target of GBX 210 ($2.74).

A number of other research firms have also commented on RBS. Morgan Stanley reissued an equal weight rating on shares of Royal Bank of Scotland Group in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 230 ($3.01) price target on shares of Royal Bank of Scotland Group in a research note on Thursday, August 29th. UBS Group reaffirmed a buy rating and set a GBX 255 ($3.33) price target (down previously from GBX 265 ($3.46)) on shares of Royal Bank of Scotland Group in a research note on Friday, September 13th. Deutsche Bank reaffirmed a hold rating on shares of Royal Bank of Scotland Group in a research note on Thursday. Finally, Goldman Sachs Group reaffirmed a buy rating and set a GBX 325 ($4.25) price target (down previously from GBX 360 ($4.70)) on shares of Royal Bank of Scotland Group in a research note on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 270.31 ($3.53).

Royal Bank of Scotland Group stock opened at GBX 241.20 ($3.15) on Friday. The firm has a market cap of $28.82 billion and a P/E ratio of 10.58. The business’s fifty day moving average is GBX 202.57 and its two-hundred day moving average is GBX 218.62. 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).

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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