Royal Bank of Scotland Group plc’s (LON:RBS) “Hold” Rating Reaffirmed at Shore Capital

Royal Bank of Scotland Group plc (LON:RBS)‘s stock had its “hold” rating restated by Shore Capital in a note issued to investors on Friday, October 27th.

A number of other equities research analysts have also weighed in on the company. Societe Generale reaffirmed a “sell” rating on shares of Royal Bank of Scotland Group plc in a report on Monday, September 11th. Citigroup Inc. reaffirmed a “sell” rating on shares of Royal Bank of Scotland Group plc in a report on Friday, July 21st. Deutsche Bank AG dropped their price objective on Royal Bank of Scotland Group plc from GBX 277 ($3.64) to GBX 275 ($3.62) and set a “hold” rating on the stock in a research note on Wednesday, July 5th. Barclays PLC reissued an “equal weight” rating and issued a GBX 260 ($3.42) price objective on shares of Royal Bank of Scotland Group plc in a research note on Thursday, October 5th. Finally, Credit Suisse Group raised Royal Bank of Scotland Group plc from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from GBX 255 ($3.35) to GBX 275 ($3.62) in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 264.39 ($3.48).

Shares of Royal Bank of Scotland Group plc (RBS) traded up GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 275.30 ($3.62). The company had a trading volume of 7,655,404 shares, compared to its average volume of 12,090,000. Royal Bank of Scotland Group plc has a twelve month low of GBX 187.10 ($2.46) and a twelve month high of GBX 290.50 ($3.82).

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In other news, insider Ross McEwan acquired 177,104 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of GBX 282 ($3.71) per share, for a total transaction of £499,433.28 ($656,889.75).

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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