Macquarie Boosts Royal Bank of Scotland Group plc (RBS) Price Target to GBX 290

Royal Bank of Scotland Group plc (LON:RBS) had its price target lifted by Macquarie from GBX 270 ($3.49) to GBX 290 ($3.74) in a research report report published on Friday, May 5th. The brokerage currently has an outperform rating on the financial services provider’s stock.

RBS has been the topic of several other research reports. Deutsche Bank AG dropped their price objective on shares of Royal Bank of Scotland Group plc from GBX 252 ($3.25) to GBX 240 ($3.10) and set a hold rating on the stock in a research note on Wednesday, April 19th. Credit Suisse Group AG restated an underperform rating and issued a GBX 235 ($3.03) price target on shares of Royal Bank of Scotland Group plc in a research note on Thursday, March 9th. Barclays PLC upgraded shares of Royal Bank of Scotland Group plc from an underweight rating to an equal weight rating and raised their price target for the company from GBX 200 ($2.58) to GBX 250 ($3.23) in a research note on Monday, February 20th. Citigroup Inc restated a sell rating and issued a GBX 170 ($2.19) price target on shares of Royal Bank of Scotland Group plc in a research note on Monday, February 20th. Finally, BNP Paribas reiterated an underperform rating and issued a GBX 195 ($2.52) price objective on shares of Royal Bank of Scotland Group plc in a report on Thursday, March 16th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 236.11 ($3.05).

Shares of Royal Bank of Scotland Group plc (LON:RBS) traded down 0.19% on Friday, reaching GBX 262.90. The company had a trading volume of 9,329,709 shares. Royal Bank of Scotland Group plc has a 52 week low of GBX 148.40 and a 52 week high of GBX 269.60. The company’s market capitalization is GBX 31.06 billion. The company has a 50 day moving average of GBX 249.71 and a 200-day moving average of GBX 229.88.

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In other news, insider Ross McEwan purchased 187,674 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of GBX 266 ($3.43) per share, with a total value of £499,212.84 ($644,395.04). Also, insider Ewen Stevenson purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were purchased at an average cost of GBX 234 ($3.02) per share, with a total value of £70,200 ($90,615.72).

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.

12 Month Chart for LON:RBS

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