Royal Bank of Scotland Group (LON:RBS) Coverage Initiated at Barclays

Barclays assumed coverage on shares of Royal Bank of Scotland Group (LON:RBS) in a research report issued to clients and investors on Thursday, March 15th. The firm set an “overweight” rating and a GBX 310 ($4.35) price target on the financial services provider’s stock. Barclays’ price objective would suggest a potential upside of 18.77% from the company’s previous close.

A number of other equities research analysts also recently issued reports on RBS. HSBC boosted their price target on shares of Royal Bank of Scotland Group from GBX 250 ($3.51) to GBX 280 ($3.93) and gave the company a “hold” rating in a research note on Friday, November 17th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 290 ($4.07) target price on shares of Royal Bank of Scotland Group in a research note on Monday, November 27th. Shore Capital reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group in a research note on Tuesday, November 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 300 ($4.21) price target on shares of Royal Bank of Scotland Group in a report on Wednesday, November 29th. Finally, Citigroup restated a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Royal Bank of Scotland Group currently has an average rating of “Hold” and a consensus target price of GBX 284.06 ($3.99).

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Shares of LON RBS traded down GBX 1.70 ($0.02) during trading on Thursday, hitting GBX 261 ($3.66). The company had a trading volume of 8,522,090 shares, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a fifty-two week low of GBX 221.80 ($3.11) and a fifty-two week high of GBX 304.20 ($4.27).

Royal Bank of Scotland Group (LON:RBS) last posted its quarterly earnings results on Friday, February 23rd. The financial services provider reported GBX 25.20 ($0.35) earnings per share 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 business had revenue of GBX 305.70 billion for 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.

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