Royal Bank of Scotland Group (RBS) Earns Buy Rating from Analysts at Numis Securities

Numis Securities initiated coverage on shares of Royal Bank of Scotland Group (LON:RBS) in a research report released on Tuesday, February 5th. The firm issued a buy rating and a GBX 300 ($3.92) target price on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Credit Suisse Group reduced their target price on shares of Royal Bank of Scotland Group from GBX 295 ($3.85) to GBX 280 ($3.66) and set a neutral rating on the stock in a research note on Friday, January 25th. Deutsche Bank reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research note on Tuesday, January 22nd. JPMorgan Chase & Co. reduced their target price on shares of Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 290 ($3.79) and set a neutral rating on the stock in a research note on Monday, January 21st. HSBC reduced their target price on shares of Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a buy rating on the stock in a research note on Friday, January 18th. Finally, UBS Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Royal Bank of Scotland Group currently has a consensus rating of Buy and an average price target of GBX 305.92 ($4.00).

RBS traded down GBX 2.40 ($0.03) during midday trading on Tuesday, hitting GBX 263.30 ($3.44). The company had a trading volume of 15,710,580 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 business also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 21st will be given a dividend of GBX 11 ($0.14) per share. This represents a yield of 4.55%. This is a boost from Royal Bank of Scotland Group’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 21st.

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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