Davy Research Begins Coverage on Royal Bank of Scotland Group (RBS)

Investment analysts at Davy Research initiated coverage on shares of Royal Bank of Scotland Group (LON:RBS) in a report released on Tuesday. The brokerage set a “neutral” rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on RBS. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, November 14th. Goldman Sachs Group lifted their price target on Royal Bank of Scotland Group from GBX 345 ($4.51) to GBX 350 ($4.57) and gave the company a “buy” rating in a research report on Tuesday, December 4th. Jefferies Financial Group reduced their price target on Royal Bank of Scotland Group from GBX 358 ($4.68) to GBX 341 ($4.46) and set a “buy” rating for the company in a research report on Wednesday, November 21st. HSBC reduced their price target on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating for the company in a research report on Friday, January 18th. Finally, Morgan Stanley cut Royal Bank of Scotland Group from an “overweight” rating to an “equal” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 304.38 ($3.98).

LON:RBS opened at GBX 238.40 ($3.12) on Tuesday. Royal Bank of Scotland Group has a 1 year low of GBX 221.80 ($2.90) and a 1 year high of GBX 304.20 ($3.97).

About Royal Bank of Scotland Group

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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Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

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