Royal Bank of Scotland Group’s (LON:RBS) Buy Rating Reaffirmed at Shore Capital


Shore Capital reissued their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research note published on Friday, September 13th, Digital Look reports.

RBS has been the topic of several other reports. Morgan Stanley reissued an equal weight rating on shares of Royal Bank of Scotland Group in a research report on Friday, July 26th. Barclays reiterated an overweight rating on shares of Royal Bank of Scotland Group in a research note on Thursday, September 12th. Goldman Sachs Group reiterated a buy rating and set a GBX 325 ($4.25) price objective (down previously from GBX 360 ($4.70)) on shares of Royal Bank of Scotland Group in a research report on Tuesday, August 13th. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research note on Monday, July 1st. Finally, Numis Securities reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research note on Monday, June 3rd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Royal Bank of Scotland Group has a consensus rating of Hold and a consensus target price of GBX 263.23 ($3.44).

Shares of LON RBS opened at GBX 213.50 ($2.79) on Friday. The firm has a fifty day simple moving average of GBX 194.24 and a two-hundred day simple moving average of GBX 225.58. The firm has a market capitalization of $25.81 billion and a PE ratio of 9.36. Royal Bank of Scotland Group has a 12 month low of GBX 176.55 ($2.31) and a 12 month high of GBX 274.20 ($3.58).

The firm also recently announced a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were paid a dividend of GBX 14 ($0.18) per share. This represents a dividend yield of 6.82%. This is an increase from Royal Bank of Scotland Group’s previous dividend of $11.00. The ex-dividend date of this dividend was Thursday, August 15th. Royal Bank of Scotland Group’s dividend payout ratio is presently 0.18%.

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.

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

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