Royal Bank of Scotland Group plc (RBS) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Royal Bank of Scotland Group plc (LON:RBS) in a research report released on Wednesday. They currently have a GBX 275 ($3.58) target price on the financial services provider’s stock.

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Several other analysts have also issued reports on RBS. J P Morgan Chase & Co upgraded shares of Royal Bank of Scotland Group plc from an underweight rating to a neutral rating and raised their price target for the stock from GBX 210 ($2.73) to GBX 230 ($3.00) in a research report on Wednesday, April 19th. Deutsche Bank AG decreased their price target on shares of Royal Bank of Scotland Group plc from GBX 252 ($3.28) to GBX 240 ($3.13) and set a hold rating on the stock in a research report on Wednesday, April 19th. Credit Suisse Group restated an underperform rating and issued a GBX 235 ($3.06) price target on shares of Royal Bank of Scotland Group plc in a research report on Friday, April 21st. Shore Capital restated a hold rating on shares of Royal Bank of Scotland Group plc in a research report on Friday, April 28th. Finally, Barclays PLC raised their price target on shares of Royal Bank of Scotland Group plc from GBX 250 ($3.26) to GBX 260 ($3.39) and gave the stock an equal weight rating in a research report on Tuesday, May 2nd. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Royal Bank of Scotland Group plc currently has an average rating of Hold and an average target price of GBX 244.74 ($3.19).

Shares of Royal Bank of Scotland Group plc (LON:RBS) traded down 0.35% during trading on Wednesday, reaching GBX 258.20. 10,132,608 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 30.62 billion. Royal Bank of Scotland Group plc has a 52-week low of GBX 168.20 and a 52-week high of GBX 271.00. The company has a 50 day moving average of GBX 252.99 and a 200 day moving average of GBX 247.34.

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In other Royal Bank of Scotland Group plc news, insider Ross McEwan acquired 187,674 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of GBX 266 ($3.46) per share, with a total value of £499,212.84 ($650,101.37).

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.