Royal Bank of Scotland Group (RBS) PT Lowered to GBX 300 at Deutsche Bank
Royal Bank of Scotland Group (LON:RBS) had its price objective decreased by research analysts at Deutsche Bank from GBX 318 ($4.16) to GBX 300 ($3.92) in a report issued on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 33.39% from the company’s current price.
A number of other brokerages have also weighed in on RBS. 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 on the stock in a report on Monday, September 24th. Shore Capital raised Royal Bank of Scotland Group to a “buy” rating in a report on Tuesday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Monday, August 6th. UBS Group raised Royal Bank of Scotland Group to a “buy” rating and lifted their price objective for the company from GBX 285 ($3.72) to GBX 300 ($3.92) in a report on Friday, August 10th. Finally, Citigroup reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Royal Bank of Scotland Group currently has an average rating of “Buy” and a consensus target price of GBX 311 ($4.06).
Shares of RBS opened at GBX 224.90 ($2.94) on Monday. Royal Bank of Scotland Group has a twelve month low of GBX 221.80 ($2.90) and a twelve month high of GBX 304.20 ($3.97).
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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