Royal Bank of Scotland Group’s (RBS) Buy Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

Several other research firms also recently commented on RBS. HSBC restated a buy rating on shares of Royal Bank of Scotland Group in a report on Thursday, June 13th. Numis Securities restated a buy rating on shares of Royal Bank of Scotland Group in a report on Monday, June 3rd. Deutsche Bank restated a buy rating on shares of Royal Bank of Scotland Group in a report on Wednesday, July 24th. Royal Bank of Canada reduced their price objective on Royal Bank of Scotland Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a sector performer rating on the stock in a report on Thursday, June 20th. Finally, Shore Capital restated a buy rating on shares of Royal Bank of Scotland Group in a report on Friday. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 294 ($3.84).

RBS traded down GBX 14.20 ($0.19) during trading on Friday, hitting GBX 202.90 ($2.65). 43,667,063 shares of the stock were exchanged, compared to its average volume of 16,430,000. The stock has a 50 day moving average price of GBX 222.81. The firm has a market capitalization of $24.53 billion and a price-to-earnings ratio of 16.23. Royal Bank of Scotland Group has a 1 year low of GBX 200.10 ($2.61) and a 1 year high of GBX 274.20 ($3.58).

The business also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 14 ($0.18) per share. This represents a yield of 6.82%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Royal Bank of Scotland Group’s previous dividend of $11.00. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is 0.56%.

In other Royal Bank of Scotland Group news, insider Ross McEwan sold 98,434 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £231,319.90 ($302,260.42).

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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