Shares of Royal Bank of Scotland Group plc (LON:RBS) have been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 278.79 ($3.78).
Several equities research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 ($4.07) price target on shares of Royal Bank of Scotland Group in a research note on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Monday, December 18th. Barclays reaffirmed an “equal weight” rating and issued a GBX 260 ($3.53) price target on shares of Royal Bank of Scotland Group in a research note on Thursday, October 5th. Shore Capital reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group in a research note on Friday, October 27th. Finally, Deutsche Bank lifted their price target on shares of Royal Bank of Scotland Group from GBX 269 ($3.65) to GBX 300 ($4.07) and gave the company a “hold” rating in a research note on Monday, October 23rd.
In other news, insider Ross McEwan purchased 177,104 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of GBX 282 ($3.82) per share, for a total transaction 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.
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