Royal Bank of Scotland Group (LON:RBS) had its price objective boosted by equities research analysts at Berenberg Bank from GBX 300 ($3.99) to GBX 340 ($4.53) in a research note issued to investors on Tuesday, May 29th. The firm presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price objective indicates a potential upside of 28.98% from the stock’s previous close.

A number of other brokerages have also recently issued reports on RBS. HSBC reissued a “hold” rating and issued a GBX 280 ($3.73) target price on shares of Royal Bank of Scotland Group in a report on Monday, January 29th. Barclays set a GBX 325 ($4.33) target price on shares of Royal Bank of Scotland Group and gave the stock a “buy” rating in a report on Friday, May 11th. Goldman Sachs Group reissued a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Monday, May 28th. Citigroup reaffirmed a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Friday, May 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Royal Bank of Scotland Group in a report on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Royal Bank of Scotland Group has a consensus rating of “Hold” and a consensus target price of GBX 290.31 ($3.87).

Royal Bank of Scotland Group traded up GBX 1.60 ($0.02), reaching GBX 263.60 ($3.51), during mid-day trading on Tuesday, MarketBeat reports. The stock had a trading volume of 32,650,559 shares, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a 1-year low of GBX 221.80 ($2.95) and a 1-year high of GBX 304.20 ($4.05).

In related news, insider Mike Rogers purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The shares were bought at an average cost of GBX 269 ($3.58) per share, with a total value of £53,800 ($71,628.28). Also, insider Ross McEwan purchased 184,748 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average cost of GBX 271 ($3.61) per share, for a total transaction of £500,667.08 ($666,578.46).

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.

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

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