Royal Bank of Scotland Group (LON:RBS) Given New GBX 265 Price Target at UBS Group

Royal Bank of Scotland Group (LON:RBS) had its price target reduced by UBS Group from GBX 285 ($3.72) to GBX 265 ($3.46) in a report published on Thursday morning, Digital Look reports. UBS Group currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Barclays reduced their price target on shares of 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 research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price target on shares of 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 research report on Thursday, May 9th. Deutsche Bank reissued a buy rating on shares of Royal Bank of Scotland Group in a research report on Monday, August 5th. Royal Bank of Canada reduced their price target on shares of 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 research report on Thursday, June 20th. Finally, Bank of America raised shares of Royal Bank of Scotland Group from an underperform rating to a neutral rating in a research report on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Royal Bank of Scotland Group currently has an average rating of Buy and a consensus target price of GBX 274.85 ($3.59).

Shares of LON RBS opened at GBX 182.15 ($2.38) on Thursday. The company’s fifty day moving average is GBX 218.21 and its 200-day moving average is GBX 235.30. The stock has a market cap of $22.02 billion and a price-to-earnings ratio of 7.99. Royal Bank of Scotland Group has a twelve month low of GBX 176.55 ($2.31) and a twelve month high of GBX 274.20 ($3.58).

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be given a GBX 14 ($0.18) dividend. This is a boost from Royal Bank of Scotland Group’s previous dividend of $11.00. This represents a yield of 6.82%. The ex-dividend date of this dividend is Thursday, August 15th. Royal Bank of Scotland Group’s payout ratio is currently 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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