Royal Bank of Scotland Group plc Receives Average Recommendation of “Hold” from Brokerages (NYSE:RBS)
Royal Bank of Scotland Group plc (NYSE:RBS) has received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.00.
Shares of Royal Bank of Scotland Group plc (NYSE:RBS) traded up 0.17% during mid-day trading on Thursday, hitting $11.59. The stock had a trading volume of 69,883 shares. Royal Bank of Scotland Group plc has a 1-year low of $9.80 and a 1-year high of $12.47. The stock has a 50-day moving average of $11.34 and a 200-day moving average of $11.01. The company’s market cap is $65.304 billion.
A number of analysts have recently weighed in on RBS shares. Analysts at Zacks downgraded shares of Royal Bank of Scotland Group plc from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $13.00 price target on the stock. Separately, analysts at Investec downgraded shares of Royal Bank of Scotland Group plc from a “hold” rating to a “sell” rating in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Royal Bank of Scotland Group plc from an “underweight” rating to a “neutral” rating in a research note on Monday, July 28th.
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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