Royal Bank of Scotland Group (LON:RBS) Rating Reaffirmed
In analysts note issued to clients and investors on Thursday morning, The Add rating of Royal Bank of Scotland Group (LON:RBS) shares was has decided to reaffirm by Analysts at AlphaValue, who now has a GBX 350 TP on the stock. AlphaValue’s TP would suggest a possible upside of 11.50% from the current stock price of the company.
From a total of 20 analysts covering Royal Bank of Scotland Group The PLC (LON:RBS) stock, 6 rate it a ”Buy”, 4 a “Sell”, and 14 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is GBX 482 while the lowest target price is GBX 250. The mean of all analyst targets is GBX 360.2 with a 14.99% above today’s (GBX 315.53) stock price. Royal Bank of Scotland Group The PLC was the topic of 80 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 2 with “Hold” rating. Nomura maintained shares with “Neutral” rating and GBX 330 target share price in a report from a November 23. RBC Capital Markets maintained RBS stock in a recent report from November 27 with “Sector Perform” rating. Jefferies maintained the rating on November 23. Jefferies has a “Buy” rating and a GBX 482 price target on shares. Finally, Berenberg maintained the stock with “Sell” rating in a report issued on a November 25.
Approximately 2.50 million shares of stock traded hands. Royal Bank of Scotland Group plc (LON:RBS) has declined 7.21% since May 6, 2015 and is downtrending. It has underperformed by 6.92% 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 36.41 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).