Royal Bank of Scotland Group (RBS) Upgraded by Deutsche Bank to Buy

Deutsche Bank upgraded shares of Royal Bank of Scotland Group (LON:RBS) to a buy rating in a research note issued to investors on Wednesday morning.

RBS has been the subject of several other reports. Morgan Stanley raised Royal Bank of Scotland Group from an equal rating to an overweight rating and increased their price objective for the company from GBX 265 ($3.72) to GBX 330 ($4.63) in a research report on Wednesday, January 10th. JPMorgan Chase reissued a neutral rating and issued a GBX 290 ($4.07) price objective on shares of Royal Bank of Scotland Group in a research report on Thursday, March 8th. Barclays started coverage on Royal Bank of Scotland Group in a research report on Thursday, March 15th. They issued an overweight rating and a GBX 310 ($4.35) price objective for the company. Credit Suisse Group reissued a neutral rating and issued a GBX 290 ($4.07) price objective on shares of Royal Bank of Scotland Group in a research report on Monday, March 19th. Finally, Jefferies Group reissued a buy rating on shares of Royal Bank of Scotland Group in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 284.06 ($3.99).

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RBS opened at GBX 261 ($3.66) on Wednesday. Royal Bank of Scotland Group has a 1-year low of GBX 221.80 ($3.11) and a 1-year high of GBX 304.20 ($4.27).

Royal Bank of Scotland Group (LON:RBS) last posted its quarterly earnings data on Friday, February 23rd. The financial services provider reported GBX 25.20 ($0.35) earnings per share for the quarter, missing the consensus estimate of GBX 25.80 ($0.36) by GBX (0.60) (($0.01)). Royal Bank of Scotland Group had a negative net margin of 11.90% and a negative return on equity of 4.79%. The business had revenue of GBX 305.70 billion during the quarter.

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About Royal Bank of Scotland Group

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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