Royal Bank of Scotland Group plc (LON:RBS) Rating Reiterated by Deutsche Bank AG

Royal Bank of Scotland Group plc (LON:RBS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Monday, August 7th, Marketbeat.com reports. They currently have a GBX 275 ($3.57) target price on the financial services provider’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 6.80% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Natixis boosted their target price on shares of Royal Bank of Scotland Group plc from GBX 289 ($3.75) to GBX 303 ($3.93) and gave the company a “buy” rating in a report on Friday, May 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 275 ($3.57) price target on shares of Royal Bank of Scotland Group plc in a research note on Thursday, May 18th. Barclays PLC boosted their price target on shares of Royal Bank of Scotland Group plc from GBX 250 ($3.25) to GBX 260 ($3.38) and gave the company an “equal weight” rating in a research note on Tuesday, May 2nd. Shore Capital reissued a “hold” rating on shares of Royal Bank of Scotland Group plc in a research note on Friday, April 28th. Finally, Investec raised shares of Royal Bank of Scotland Group plc to a “hold” rating and set a GBX 260 ($3.38) price target on the stock in a research note on Wednesday, June 7th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 246.84 ($3.20).

Shares of Royal Bank of Scotland Group plc (LON RBS) opened at 257.50 on Monday. 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 254.78 and a 200-day moving average of GBX 248.62. The stock’s market capitalization is GBX 30.54 billion.

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Royal Bank of Scotland Group plc Company Profile

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.