Royal Bank of Scotland Group (RBS) Rating Increased to Buy at UBS Group

Royal Bank of Scotland Group (LON:RBS) was upgraded by UBS Group to a “buy” rating in a report issued on Friday, www.digitallook.com reports. The firm currently has a GBX 300 ($3.88) price target on the financial services provider’s stock, up from their prior price target of GBX 285 ($3.69). UBS Group’s target price suggests a potential upside of 21.02% from the company’s current price.

Several other research firms have also commented on RBS. Barclays set a GBX 325 ($4.21) price target on shares of Royal Bank of Scotland Group and gave the company a “buy” rating in a research report on Friday, May 11th. Goldman Sachs Group restated a “neutral” rating on shares of Royal Bank of Scotland Group in a research report on Monday, May 28th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Royal Bank of Scotland Group in a research report on Friday, May 11th. Citigroup restated a “neutral” rating on shares of Royal Bank of Scotland Group in a research report on Friday, May 11th. Finally, Berenberg Bank raised their price target on shares of Royal Bank of Scotland Group from GBX 300 ($3.88) to GBX 340 ($4.40) and gave the company a “buy” rating in a research report on Tuesday, May 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group currently has a consensus rating of “Hold” and a consensus price target of GBX 290.56 ($3.76).

RBS stock opened at GBX 247.90 ($3.21) on Friday. Royal Bank of Scotland Group has a one year low of GBX 221.80 ($2.87) and a one year high of GBX 304.20 ($3.94).

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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