Jefferies Group LLC Reaffirms Hold Rating for Royal Bank of Scotland Group plc (LON:RBS)

Jefferies Group LLC reiterated their hold rating on shares of Royal Bank of Scotland Group plc (LON:RBS) in a research note published on Wednesday morning. They currently have a GBX 262 ($3.39) target price on the financial services provider’s stock.

A number of other analysts also recently commented on the company. Credit Suisse Group restated an underperform rating and issued a GBX 255 ($3.30) target price on shares of Royal Bank of Scotland Group plc in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 285 ($3.69) target price on shares of Royal Bank of Scotland Group plc in a research note on Thursday, June 22nd. HSBC Holdings plc restated a reduce rating and issued a GBX 210 ($2.72) target price on shares of Royal Bank of Scotland Group plc in a research note on Thursday, June 8th. Investec upgraded Royal Bank of Scotland Group plc to a hold rating and set a GBX 260 ($3.37) target price on the stock in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG restated a hold rating on shares of Royal Bank of Scotland Group plc in a research note on Wednesday, June 7th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 244.17 ($3.16).

Royal Bank of Scotland Group plc (LON RBS) opened at 256.60 on Wednesday. The stock’s market capitalization is GBX 30.31 billion. The stock’s 50 day moving average price is GBX 255.95 and its 200-day moving average price is GBX 241.24. Royal Bank of Scotland Group plc has a 52-week low of GBX 155.00 and a 52-week high of GBX 271.00.

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In related news, insider Ross McEwan purchased 187,674 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of GBX 266 ($3.45) per share, with a total value of £499,212.84 ($646,648.76).

About Royal Bank of Scotland Group plc

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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

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