Royal Bank of Scotland Group plc Given Consensus Recommendation of “Hold” by Brokerages (NYSE:RBS)
Shares of Royal Bank of Scotland Group plc (NYSE:RBS) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, AnalystRatings.NET reports. Eight research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.50.
Royal Bank of Scotland Group plc (NYSE:RBS) opened at 11.13 on Friday. Royal Bank of Scotland Group plc has a 52-week low of $8.15 and a 52-week high of $12.44. The stock has a 50-day moving average of $10.57 and a 200-day moving average of $10.86. The company’s market cap is $62.779 billion.
A number of research firms have recently commented on RBS. Analysts at Zacks upgraded shares of Royal Bank of Scotland Group plc from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $11.50 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Royal Bank of Scotland Group plc from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, analysts at TheStreet downgraded shares of Royal Bank of Scotland Group plc to a “sell” rating in a research note on Thursday, April 10th.
The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.
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