Deutsche Bank AG Lowers Royal Bank of Scotland Group plc (LON:RBS) Price Target to GBX 275

Royal Bank of Scotland Group plc (LON:RBS) had its price objective lowered by Deutsche Bank AG from GBX 277 ($3.61) to GBX 275 ($3.58) in a note issued to investors on Wednesday, July 5th. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 11.43% from the stock’s previous close.

RBS has been the subject of several other reports. Goldman Sachs Group, Inc. (The) downgraded shares of Royal Bank of Scotland Group plc to a “neutral” rating and raised their price target for the company from GBX 270 ($3.52) to GBX 275 ($3.58) in a report on Wednesday, March 8th. J P Morgan Chase & Co raised shares of Royal Bank of Scotland Group plc from an “underweight” rating to a “neutral” rating and raised their price target for the company from GBX 210 ($2.74) to GBX 230 ($3.00) in a report on Wednesday, April 19th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 235 ($3.06) price target on shares of Royal Bank of Scotland Group plc in a report on Thursday, March 9th. BNP Paribas reissued an “underperform” rating and issued a GBX 195 ($2.54) price target on shares of Royal Bank of Scotland Group plc in a report on Thursday, March 16th. Finally, HSBC Holdings plc reissued a “reduce” rating and issued a GBX 210 ($2.74) price target on shares of Royal Bank of Scotland Group plc in a report on Thursday, June 8th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 244.74 ($3.19).

Shares of Royal Bank of Scotland Group plc (LON RBS) traded down 1.79% during midday trading on Wednesday, hitting GBX 246.80. The company had a trading volume of 8,459,637 shares. The company’s 50-day moving average price is GBX 251.46 and its 200 day moving average price is GBX 245.03. Royal Bank of Scotland Group plc has a 12-month low of GBX 168.20 and a 12-month high of GBX 271.00. The company’s market capitalization is GBX 29.16 billion.

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In other news, insider Ross McEwan acquired 187,674 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of GBX 266 ($3.47) per share, for a total transaction of £499,212.84 ($650,355.45).

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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