Jefferies Financial Group Lowers Royal Bank of Scotland Group (RBS) Price Target to GBX 341

Royal Bank of Scotland Group (LON:RBS) had its target price reduced by Jefferies Financial Group from GBX 358 ($4.68) to GBX 341 ($4.46) in a research report report published on Wednesday. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Bank of Scotland Group in a report on Wednesday, November 14th. Deutsche Bank reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a report on Monday, November 5th. Barclays lifted their target price on Royal Bank of Scotland Group from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the stock an overweight rating in a report on Monday, October 29th. Berenberg Bank reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a report on Monday, October 29th. Finally, UBS Group raised Royal Bank of Scotland Group to a buy rating in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 315.09 ($4.12).

LON:RBS opened at GBX 221.10 ($2.89) on Wednesday. Royal Bank of Scotland Group has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 304.20 ($3.97).

In related news, insider Ross McEwan purchased 99,458 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were purchased at an average price of GBX 230 ($3.01) per share, with a total value of £228,753.40 ($298,906.83).

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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