Royal Bank of Scotland Group (RBS) Receives Neutral Rating from JPMorgan Chase & Co.

Royal Bank of Scotland Group (LON:RBS)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a report released on Wednesday.

A number of other research analysts have also recently issued reports on RBS. Berenberg Bank reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Monday, October 29th. Deutsche Bank reduced their price objective on Royal Bank of Scotland Group from GBX 318 ($4.16) to GBX 300 ($3.92) and set a “buy” rating for the company in a research report on Monday, October 29th. Shore Capital reduced their price objective on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 285 ($3.72) and set a “hold” rating for the company in a research report on Friday, August 3rd. UBS Group raised Royal Bank of Scotland Group to a “buy” rating and upped their price objective for the stock from GBX 285 ($3.72) to GBX 300 ($3.92) in a research report on Friday, August 10th. Finally, Barclays upped their price objective on Royal Bank of Scotland Group from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the stock an “overweight” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Royal Bank of Scotland Group presently has a consensus rating of “Buy” and a consensus target price of GBX 312.50 ($4.08).

LON:RBS opened at GBX 217.68 ($2.84) on Wednesday. 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 acquired 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, with a total value of £228,753.40 ($298,906.83).

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

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