Royal Bank of Scotland Group (LON:RBS) Now Covered by Credit Suisse Group

Credit Suisse Group started coverage on shares of Royal Bank of Scotland Group (LON:RBS) in a research report released on Tuesday, Digital Look reports. The brokerage issued an outperform rating and a GBX 260 ($3.42) price target on the financial services provider’s stock.

RBS has been the subject of a number of other reports. Morgan Stanley raised shares of Royal Bank of Scotland Group to an overweight rating and boosted their target price for the company from GBX 260 ($3.42) to GBX 300 ($3.95) in a research note on Monday, December 16th. Barclays reaffirmed an underweight rating on shares of Royal Bank of Scotland Group in a research note on Tuesday, January 21st. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research note on Friday, December 13th. Berenberg Bank reaffirmed a buy rating and issued a GBX 280 ($3.68) price objective on shares of Royal Bank of Scotland Group in a research note on Friday, October 25th. Finally, Citigroup reaffirmed a neutral rating on shares of Royal Bank of Scotland Group in a research note on Monday, January 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 266.60 ($3.51).

LON RBS opened at GBX 213.10 ($2.80) on Tuesday. The company has a fifty day moving average of GBX 228.98 and a two-hundred day moving average of GBX 217.22. The firm has a market capitalization of $25.77 billion and a price-to-earnings ratio of 12.92. Royal Bank of Scotland Group has a 52 week low of GBX 2.23 ($0.03) and a 52 week high of GBX 274.20 ($3.61).

The firm also recently declared a dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, March 26th will be issued a GBX 8 ($0.11) dividend. The ex-dividend date is Thursday, March 26th. This represents a yield of 3.5%. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 0.24%.

Royal Bank of Scotland Group Company Profile

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

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