Deutsche Bank Increases Royal Bank of Scotland Group (RBS) Price Target to GBX 315

Royal Bank of Scotland Group (LON:RBS) had its price objective increased by equities research analysts at Deutsche Bank from GBX 300 ($4.07) to GBX 315 ($4.27) in a report issued on Friday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price objective suggests a potential upside of 4.44% from the stock’s previous close.

A number of other research analysts also recently issued reports on RBS. Berenberg Bank reiterated a “buy” rating and set a GBX 275 ($3.73) price objective on shares of Royal Bank of Scotland Group in a report on Thursday, September 28th. Shore Capital reiterated a “hold” rating on shares of Royal Bank of Scotland Group in a report on Tuesday, November 28th. Citigroup reiterated a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Wednesday, November 29th. HSBC reiterated a “hold” rating and set a GBX 280 ($3.80) price objective on shares of Royal Bank of Scotland Group in a report on Wednesday, November 29th. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 290 ($3.93) price target on shares of Royal Bank of Scotland Group in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 275.33 ($3.73).

Royal Bank of Scotland Group (LON:RBS) traded up GBX 2.50 ($0.03) during trading hours on Friday, hitting GBX 301.60 ($4.09). The company had a trading volume of 16,536,539 shares, compared to its average volume of 8,500,000. The company has a market capitalization of $36,090.00 and a P/E ratio of -1,117.04. Royal Bank of Scotland Group has a fifty-two week low of GBX 220.60 ($2.99) and a fifty-two week high of GBX 304.20 ($4.13).

In related news, insider Ross McEwan purchased 177,104 shares of Royal Bank of Scotland Group stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of GBX 282 ($3.82) per share, with a total value of £499,433.28 ($677,289.50).

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About Royal Bank of Scotland Group

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 (LON:RBS)

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