Royal Bank of Scotland Group plc (LON:RBS) was upgraded by research analysts at HSBC Holdings plc to a “hold” rating in a report released on Friday. The brokerage presently has a GBX 250 ($3.26) price target on the financial services provider’s stock, up from their previous price target of GBX 210 ($2.73). HSBC Holdings plc’s price target suggests a potential downside of 3.18% from the company’s current price.

A number of other brokerages also recently commented on RBS. Shore Capital restated a “hold” rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, April 28th. BNP Paribas restated a “neutral” rating and issued a GBX 280 ($3.65) target price on shares of Royal Bank of Scotland Group plc in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 285 ($3.71) target price on shares of Royal Bank of Scotland Group plc in a research note on Thursday, June 22nd. Credit Suisse Group upped their target price on Royal Bank of Scotland Group plc from GBX 235 ($3.06) to GBX 255 ($3.32) and gave the stock an “underperform” rating in a research note on Wednesday, May 3rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 275 ($3.58) target price on shares of Royal Bank of Scotland Group plc in a research note on Thursday, May 18th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 246.84 ($3.21).

Royal Bank of Scotland Group plc (RBS) opened at 257.20 on Friday. The stock’s 50 day moving average price is GBX 252.99 and its 200-day moving average price is GBX 247.34. Royal Bank of Scotland Group plc has a 52-week low of GBX 168.20 and a 52-week high of GBX 271.00. The stock’s market capitalization is GBX 30.50 billion.

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About Royal Bank of Scotland Group plc

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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

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