Barclays Reiterates GBX 325 Price Target for Royal Bank of Scotland Group (RBS)

Barclays set a GBX 325 ($4.41) price objective on Royal Bank of Scotland Group (LON:RBS) in a research report released on Friday. The firm currently has a buy rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase restated a neutral rating on shares of Royal Bank of Scotland Group in a report on Friday. Citigroup reiterated a neutral rating on shares of Royal Bank of Scotland Group in a research report on Friday. Shore Capital increased their target price on shares of Royal Bank of Scotland Group from GBX 265 ($3.59) to GBX 290 ($3.93) and gave the stock a hold rating in a research report on Thursday, May 10th. Deutsche Bank reiterated a buy rating and set a GBX 268.40 ($3.64) target price on shares of Royal Bank of Scotland Group in a research report on Wednesday, April 18th. Finally, MED upgraded shares of Royal Bank of Scotland Group to an underperform rating in a research report on Thursday, April 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 285.63 ($3.87).

Royal Bank of Scotland Group opened at GBX 293.85 ($3.99) on Friday, according to MarketBeat. Royal Bank of Scotland Group has a 52-week low of GBX 221.80 ($3.01) and a 52-week high of GBX 304.20 ($4.13).

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 ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 25.80 ($0.35) 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 company had revenue of GBX 305.70 billion for the quarter.

In other news, insider Mike Rogers acquired 20,000 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was bought at an average cost of GBX 269 ($3.65) per share, for a total transaction of £53,800 ($72,978.84). Also, insider Ross McEwan acquired 184,748 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was purchased at an average price of GBX 271 ($3.68) per share, with a total value of £500,667.08 ($679,146.88).

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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