MED Upgrades Royal Bank of Scotland Group (RBS) to Underperform

Royal Bank of Scotland Group (LON:RBS) was upgraded by stock analysts at MED to an “underperform” rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the company. Jefferies Group reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a report on Monday, December 18th. Deutsche Bank upgraded Royal Bank of Scotland Group to a “buy” rating and cut their price objective for the stock from GBX 315 ($4.42) to GBX 305 ($4.28) in a report on Monday, March 26th. HSBC reiterated a “hold” rating and issued a GBX 280 ($3.93) price objective on shares of Royal Bank of Scotland Group in a report on Monday, January 29th. Shore Capital reiterated a “hold” rating on shares of Royal Bank of Scotland Group in a report on Friday, February 23rd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 290 ($4.07) price objective on shares of Royal Bank of Scotland Group in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 284.06 ($3.99).

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RBS opened at GBX 261 ($3.66) on Thursday. Royal Bank of Scotland Group has a 12-month low of GBX 221.80 ($3.11) and a 12-month high of GBX 304.20 ($4.27).

Royal Bank of Scotland Group (LON:RBS) last posted its quarterly earnings data on Friday, February 23rd. The financial services provider reported GBX 25.20 ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 25.80 ($0.36) by GBX (0.60) (($0.01)). Royal Bank of Scotland Group had a negative return on equity of 4.79% and a negative net margin of 11.90%. The firm had revenue of GBX 305.70 billion during the quarter.

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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.

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

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