Royal Bank of Scotland Group plc (RBS) Given Consensus Rating of “Buy” by Brokerages

Royal Bank of Scotland Group plc (LON:RBS) has received a consensus rating of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 305.75 ($4.00).

A number of research analysts recently issued reports on RBS shares. Jefferies Financial Group restated a “buy” rating and set a GBX 341 ($4.46) price target on shares of Royal Bank of Scotland Group in a research note on Friday, February 15th. HSBC dropped their price target on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating on the stock in a research note on Friday, January 18th. Morgan Stanley downgraded Royal Bank of Scotland Group from an “overweight” rating to an “equal” rating in a research note on Monday, February 11th. Deutsche Bank restated a “buy” rating and set a GBX 296 ($3.87) price target on shares of Royal Bank of Scotland Group in a research note on Monday, February 25th. Finally, Credit Suisse Group raised their price target on Royal Bank of Scotland Group from GBX 280 ($3.66) to GBX 285 ($3.72) and gave the stock a “neutral” rating in a research note on Monday, March 4th.

LON:RBS opened at GBX 262.40 ($3.43) on Monday. The company has a market cap of $31.70 billion and a P/E ratio of 19.58. Royal Bank of Scotland Group has a 52-week low of GBX 200.10 ($2.61) and a 52-week high of GBX 297.40 ($3.89).

The business also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 21st will be given a dividend of GBX 11 ($0.14) per share. This represents a yield of 4.55%. This is a boost from Royal Bank of Scotland Group’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 21st. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 0.52%.

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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