Barclays Trims Royal Bank of Scotland Group (LON:RBS) Target Price to GBX 280

Royal Bank of Scotland Group (LON:RBS) had its target price reduced by Barclays from GBX 315 ($4.12) to GBX 280 ($3.66) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. Deutsche Bank boosted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. Royal Bank of Canada reduced their price objective on shares of from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research note on Thursday, June 20th. Jefferies Financial Group reduced their price objective on shares of Seres Therapeutics from $6.00 to $4.00 and set a hold rating for the company in a research note on Monday, July 1st. JPMorgan Chase & Co. downgraded shares of Aeroports de Paris from an overweight rating to a neutral rating in a research note on Thursday, May 9th. Finally, Bank of America raised shares of Royal Bank of Scotland Group from an underperform rating to a neutral rating in a research note on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 295.15 ($3.86).

Royal Bank of Scotland Group stock opened at GBX 228.10 ($2.98) on Wednesday. The company’s 50 day moving average is GBX 220.09. Royal Bank of Scotland Group has a fifty-two week low of GBX 200.10 ($2.61) and a fifty-two week high of GBX 274.20 ($3.58). The company has a market capitalization of $27.58 billion and a P/E ratio of 18.25.

In other news, insider Ross McEwan sold 98,434 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £231,319.90 ($302,260.42).

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

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