Royal Bank of Scotland Group (RBS) Rating Reiterated by Deutsche Bank

Royal Bank of Scotland Group (LON:RBS)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a note issued to investors on Monday.

Several other research analysts have also weighed in on the company. HSBC raised Royal Bank of Scotland Group to a “buy” rating and lifted their price objective for the stock from GBX 280 ($3.66) to GBX 290 ($3.79) in a research report on Friday, August 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 340 ($4.44) price objective on shares of Royal Bank of Scotland Group in a research report on Thursday, August 9th. Societe Generale raised Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Shore Capital raised Royal Bank of Scotland Group to a “buy” rating in a research report on Tuesday, September 25th. Finally, Credit Suisse Group lowered their price objective on Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “neutral” rating for the company in a research report on Monday, September 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Royal Bank of Scotland Group currently has a consensus rating of “Buy” and an average price target of GBX 312.50 ($4.08).

RBS stock opened at GBX 245 ($3.20) on Monday. 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).

In other news, insider Ross McEwan bought 99,458 shares of Royal Bank of Scotland Group stock in a transaction dated Tuesday, October 30th. The stock was bought at an average cost of GBX 230 ($3.01) per share, for a total transaction of £228,753.40 ($298,906.83).

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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