Royal Bank of Scotland Group (LON:RBS) PT Raised to GBX 285 at Goldman Sachs Group

Royal Bank of Scotland Group (LON:RBS) had its price objective boosted by Goldman Sachs Group from GBX 260 ($3.40) to GBX 285 ($3.72) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on RBS. Royal Bank of Canada restated a sector performer rating and set a GBX 230 ($3.01) price target on shares of Royal Bank of Scotland Group in a research report on Thursday, August 29th. Shore Capital downgraded Royal Bank of Scotland Group to a hold rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on Royal Bank of Scotland Group from GBX 280 ($3.66) to GBX 260 ($3.40) and set an overweight rating on the stock in a research report on Friday, November 1st. HSBC downgraded Royal Bank of Scotland Group from a buy rating to a hold rating and lowered their price target for the company from GBX 260 ($3.40) to GBX 210 ($2.74) in a research report on Thursday, August 15th. Finally, Macquarie downgraded Royal Bank of Scotland Group from an outperform rating to a neutral rating and lowered their price target for the company from GBX 246 ($3.21) to GBX 201 ($2.63) in a research report on Thursday, August 15th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 265.69 ($3.47).

LON RBS traded up GBX 0.20 ($0.00) during trading hours on Thursday, reaching GBX 224.90 ($2.94). 9,231,531 shares of the stock traded hands, compared to its average volume of 16,430,000. The stock has a 50 day simple moving average of GBX 215.72 and a two-hundred day simple moving average of GBX 214.08. 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 company has a market cap of $27.16 billion and a price-to-earnings ratio of 13.63.

In related news, insider Mark Seligman acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of GBX 214 ($2.80) per share, for a total transaction of £21,400 ($27,962.89).

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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