News stories about Royal Bank of Scotland Group (LON:RBS) have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Royal Bank of Scotland Group earned a coverage optimism score of -1.67 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Royal Bank of Scotland Group’s ranking:
- Macquarie Upgrades Royal Bank of Scotland PLC (RBS:LN) (RBS) to Outperform (streetinsider.com)
- RBS to Meet Digital Needs of SMEs With New Digital Bank (zacks.com)
- Neutral Press Coverage Extremely Likely to Affect Royal Bank of Scotland Group (RBS) Stock Price (americanbankingnews.com)
- Co-operative Bank reports nine-month loss of 87 million pounds (finance.yahoo.com)
- UK watchdog tells banks to release mortgage ‘prisoners’ (finance.yahoo.com)
A number of analysts have commented on RBS shares. Credit Suisse Group reduced their price target on Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “neutral” rating for the company in a research report on Monday, September 24th. Shore Capital upgraded Royal Bank of Scotland Group to a “buy” rating in a research report on Tuesday, September 25th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Royal Bank of Scotland Group in a research report on Monday, August 6th. UBS Group upgraded Royal Bank of Scotland Group to a “buy” rating and upped their price target for the stock from GBX 285 ($3.72) to GBX 300 ($3.92) in a research report on Friday, August 10th. Finally, Citigroup restated a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 312.50 ($4.08).
Shares of LON:RBS traded down GBX 1 ($0.01) during trading on Friday, hitting GBX 251.90 ($3.29). 17,039,627 shares of the company’s stock were exchanged, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 304.20 ($3.97).
The firm also recently announced a dividend, which was paid on Friday, October 12th. Investors of record on Thursday, August 23rd were given a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 23rd.
In other Royal Bank of Scotland Group news, insider Ross McEwan bought 99,458 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average price of GBX 230 ($3.01) per share, for a total transaction of £228,753.40 ($298,906.83).
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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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