Goldman Sachs Group Lowers Royal Bank of Scotland Group (RBS) Price Target to GBX 370

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Royal Bank of Scotland Group (LON:RBS) had its price objective reduced by Goldman Sachs Group from GBX 395 ($5.16) to GBX 370 ($4.83) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on RBS. Morgan Stanley reaffirmed an equal weight rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, March 20th. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a research report on Thursday, May 9th. Credit Suisse Group cut their price target on shares of Royal Bank of Scotland Group from GBX 295 ($3.85) to GBX 280 ($3.66) and set a neutral rating on the stock in a research note on Friday, January 25th. Finally, UBS Group reiterated a buy rating on shares of Royal Bank of Scotland Group in a research note on Friday, February 15th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Royal Bank of Scotland Group currently has an average rating of Buy and an average target price of GBX 305.15 ($3.99).

Royal Bank of Scotland Group stock opened at GBX 216.70 ($2.83) on Thursday. The firm has a market cap of $26.15 billion and a PE ratio of 17.34. Royal Bank of Scotland Group has a 12-month low of GBX 200.10 ($2.61) and a 12-month high of GBX 297.40 ($3.89).

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

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.

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

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