Royal Bank of Scotland Group (LON:RBS)‘s stock had its “buy” rating restated by Goldman Sachs Group in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 325 ($4.25) target price on the financial services provider’s stock, down from their prior target price of GBX 360 ($4.70). Goldman Sachs Group’s price objective would indicate a potential upside of 65.44% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “neutral” rating on the stock in a report on Thursday, May 9th. Barclays cut their price target on Royal Bank of Scotland Group from GBX 315 ($4.12) to GBX 280 ($3.66) and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Numis Securities reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a report on Monday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Royal Bank of Scotland Group in a report on Monday, July 1st. Finally, Royal Bank of Canada cut their price target on Royal Bank of Scotland Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a “sector performer” rating on the stock in a report on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 284.08 ($3.71).
RBS opened at GBX 196.45 ($2.57) on Tuesday. Royal Bank of Scotland Group has a 52 week low of GBX 196.89 ($2.57) and a 52 week high of GBX 274.20 ($3.58). The business’s fifty day moving average price is GBX 219.75. The stock has a market cap of $23.75 billion and a P/E ratio of 8.62.
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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