Goldman Sachs Group reissued their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research report report published on Wednesday, September 12th. The firm currently has a GBX 345 ($4.51) price objective on the financial services provider’s stock, up from their previous price objective of GBX 330 ($4.31).
RBS has been the subject of several other research reports. HSBC upgraded shares of Royal Bank of Scotland Group to a buy rating and upped their target price for the company from GBX 280 ($3.66) to GBX 290 ($3.79) in a report on Friday, August 17th. Berenberg Bank restated a buy rating and issued a GBX 340 ($4.44) target price on shares of Royal Bank of Scotland Group in a report on Friday, July 20th. Shore Capital lowered their target price on shares of Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 285 ($3.72) and set a hold rating for the company in a report on Friday, August 3rd. Citigroup restated a buy rating on shares of Royal Bank of Scotland Group in a report on Wednesday, September 5th. Finally, Deutsche Bank upped their price target on shares of Royal Bank of Scotland Group from GBX 312 ($4.08) to GBX 315 ($4.12) and gave the company a buy rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group has a consensus rating of Buy and an average target price of GBX 312.50 ($4.08).
Shares of Royal Bank of Scotland Group stock traded down GBX 3.70 ($0.05) during trading hours on Wednesday, hitting GBX 245.80 ($3.21). The company had a trading volume of 12,283,501 shares, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a twelve month low of GBX 221.80 ($2.90) and a twelve month high of GBX 304.20 ($3.97).
The firm also recently declared a dividend, which will be paid on Friday, October 12th. Investors of record on Thursday, August 23rd will be given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a yield of 0.82%.
Royal Bank of Scotland Group Company Profile
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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