Royal Bank of Scotland Group plc (RBS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Royal Bank of Scotland Group plc (LON:RBS) have been assigned a consensus rating of “Buy” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 306.22 ($4.00).

RBS has been the subject of a number of recent analyst reports. Goldman Sachs Group increased their target price on shares of Royal Bank of Scotland Group from GBX 345 ($4.51) to GBX 350 ($4.57) and gave the company a “buy” rating in a research report on Tuesday, December 4th. UBS Group reissued a “buy” rating on shares of Royal Bank of Scotland Group in a report on Monday, January 7th. Shore Capital reissued a “buy” rating on shares of Royal Bank of Scotland Group in a report on Friday, October 26th. JPMorgan Chase & Co. cut their price target on shares of Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 290 ($3.79) and set a “neutral” rating for the company in a report on Monday, January 21st. Finally, Barclays upped their price target on shares of Royal Bank of Scotland Group from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the company an “overweight” rating in a report on Monday, October 29th.

RBS traded up GBX 2.80 ($0.04) on Wednesday, reaching GBX 249.80 ($3.26). The company had a trading volume of 11,244,876 shares, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a one year low of GBX 221.80 ($2.90) and a one year high of GBX 304.20 ($3.97).

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.

See Also: Fundamental Analysis

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

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