Royal Bank of Scotland Group plc (LON:RBS) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Royal Bank of Scotland Group plc (LON:RBS) in a research note issued to investors on Wednesday morning. Berenberg Bank currently has a GBX 275 ($3.58) target price on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. J P Morgan Chase & Co raised Royal Bank of Scotland Group plc from an underweight rating to a neutral rating and lifted their price target for the stock from GBX 210 ($2.73) to GBX 230 ($3.00) in a research note on Wednesday, April 19th. Deutsche Bank AG dropped their price target on Royal Bank of Scotland Group plc from GBX 277 ($3.61) to GBX 275 ($3.58) and set a hold rating for the company in a research note on Wednesday, July 5th. Citigroup Inc. reaffirmed a sell rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, July 21st. Natixis lifted their price target on Royal Bank of Scotland Group plc from GBX 289 ($3.76) to GBX 303 ($3.95) and gave the stock a buy rating in a research note on Friday, May 5th. Finally, Barclays PLC lifted their price target on Royal Bank of Scotland Group plc from GBX 250 ($3.26) to GBX 260 ($3.39) and gave the stock an equal weight rating in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 246.84 ($3.21).

Royal Bank of Scotland Group plc (RBS) opened at 257.10 on Wednesday. Royal Bank of Scotland Group plc has a 52-week low of GBX 168.20 and a 52-week high of GBX 271.00. The firm has a 50-day moving average price of GBX 253.45 and a 200 day moving average price of GBX 247.63. The company’s market capitalization is GBX 30.49 billion.

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Royal Bank of Scotland Group plc Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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

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