Royal Bank of Scotland Group (LON:RBS) Price Target Raised to GBX 280

Royal Bank of Scotland Group (LON:RBS) had its target price boosted by research analysts at HSBC from GBX 250 ($3.36) to GBX 280 ($3.77) in a report issued on Friday, November 17th. The brokerage currently has a “hold” rating on the financial services provider’s stock. HSBC’s price objective would suggest a potential upside of 1.93% from the stock’s previous close.

RBS has been the topic of a number of other research reports. Royal Bank Of Canada upgraded shares of Royal Bank of Scotland Group from an “underperform” rating to a “sector performer” rating and raised their target price for the stock from GBX 210 ($2.83) to GBX 240 ($3.23) in a research report on Monday, September 4th. Berenberg Bank raised their target price on shares of Royal Bank of Scotland Group from GBX 275 ($3.70) to GBX 300 ($4.04) and gave the stock a “buy” rating in a research report on Monday, October 30th. Citigroup restated a “sell” rating on shares of Royal Bank of Scotland Group in a research report on Friday, July 21st. Shore Capital restated a “hold” rating on shares of Royal Bank of Scotland Group in a research report on Friday, August 4th. Finally, Societe Generale restated a “sell” rating on shares of Royal Bank of Scotland Group in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Royal Bank of Scotland Group has an average rating of “Hold” and a consensus price target of GBX 270.89 ($3.65).

Shares of Royal Bank of Scotland Group (LON RBS) traded up GBX 0.50 ($0.01) during mid-day trading on Friday, reaching GBX 274.70 ($3.70). The company had a trading volume of 13,966,651 shares, compared to its average volume of 12,360,000. Royal Bank of Scotland Group has a one year low of GBX 191 ($2.57) and a one year high of GBX 290.50 ($3.91).

In other news, insider Ross McEwan purchased 177,104 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of GBX 282 ($3.80) per share, with a total value of £499,433.28 ($672,184.76).

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About Royal Bank of Scotland Group

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 (LON:RBS)

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