Royal Bank of Scotland Group (LON:RBS) Rating Reaffirmed
In an interesting research report made public this morning, RBC Capital Markets reiterated their Sector Perform rating on Royal Bank of Scotland Group (LON:RBS) shares. The TP implies a possible upside of 14.42% from company’s previous stock close.
From a total of 19 analysts covering Royal Bank of Scotland Group The PLC (LON:RBS) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 11 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is GBX 510 while the lowest target price is GBX 250. The mean of all analyst targets is GBX 362.83 with a 18.30% above today’s (GBX 306.7) stock price. Royal Bank of Scotland Group The PLC was the topic of 77 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Perform” rating. Nomura maintained shares with “Neutral” rating and GBX 330 target share price in a report from a November 23. BNP Paribas maintained RBS stock in a recent report from November 25 with “Outperform” rating. Morgan Stanley maintained the rating on November 20. Morgan Stanley has a “Overweight” rating and a GBX 380 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a November 23.
The stock decreased 0.16% or GBX 0.5 on November 27, striking GBX 306.7. Approximately 6.82 million shares of stock traded hands. Royal Bank of Scotland Group plc (LON:RBS) has declined 9.74% since May 1, 2015 and is downtrending. It has underperformed by 8.85% the S&P500.
The Royal Bank of Scotland Group plc provides financial services and products to personal, commercial, corporate and institutional customers. The company has a market cap of 35.81 billion GBP. The Firm conducts its business through three franchises and seven operating divisions. It currently has negative earnings. The Company’s Personal & Business Banking (PBB) franchise consists of two divisions: UK Personal & Business Banking (UK PBB), including Williams & Glyn, and Ulster Bank.
According to Zacks Investment Research, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of #62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.” Get a free copy of the Zacks research report on Royal Bank of Scotland Group plc (RBS)