Katie Murray Buys 65 Shares of Royal Bank of Scotland Group plc (LON:RBS) Stock

Royal Bank of Scotland Group plc (LON:RBS) insider Katie Murray acquired 65 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of GBX 230 ($3.01) per share, for a total transaction of £149.50 ($195.35).

Shares of RBS opened at GBX 202.90 ($2.65) on Friday. The stock has a 50 day moving average of GBX 222.81. Royal Bank of Scotland Group plc has a 52 week low of GBX 200.10 ($2.61) and a 52 week high of GBX 274.20 ($3.58). The company has a market cap of $24.53 billion and a PE ratio of 16.23.

The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a GBX 14 ($0.18) dividend. This is a boost from Royal Bank of Scotland Group’s previous dividend of $11.00. This represents a dividend yield of 6.82%. The ex-dividend date of this dividend is Thursday, August 15th. Royal Bank of Scotland Group’s payout ratio is currently 0.56%.

RBS has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on Royal Bank of Scotland Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “neutral” rating on the stock in a research report on Thursday, May 9th. UBS Group reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Friday. Bank of America raised Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada dropped their price target on Royal Bank of Scotland Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a “sector performer” rating on the stock in a research report on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Royal Bank of Scotland Group presently has a consensus rating of “Buy” and a consensus price target of GBX 294 ($3.84).

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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