Macquarie cut shares of Royal Bank of Scotland Group (LON:RBS) from an outperform rating to a neutral rating in a research report released on Thursday morning, FinViz reports. The brokerage currently has GBX 201 ($2.63) price target on the financial services provider’s stock, down from their prior price target of GBX 246 ($3.21).
RBS has been the subject of several other research reports. Barclays lowered their target price on shares of Royal Bank of Scotland Group from GBX 315 ($4.12) to GBX 280 ($3.66) and set an overweight rating for the company in a report on Wednesday, July 17th. Goldman Sachs Group restated a buy rating and issued a GBX 325 ($4.25) target price (down previously from GBX 360 ($4.70)) on shares of Royal Bank of Scotland Group in a report on Tuesday, August 13th. Morgan Stanley restated an equal weight rating on shares of Royal Bank of Scotland Group in a report on Friday, July 26th. Royal Bank of Canada lowered their target price on shares of Royal Bank of Scotland Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a sector performer rating for the company in a report on Thursday, June 20th. Finally, Shore Capital restated a buy rating on shares of Royal Bank of Scotland Group in a report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Royal Bank of Scotland Group has a consensus rating of Buy and a consensus price target of GBX 274.85 ($3.59).
Shares of LON:RBS opened at GBX 182.15 ($2.38) on Thursday. Royal Bank of Scotland Group has a 52 week low of GBX 176.55 ($2.31) and a 52 week high of GBX 274.20 ($3.58). The company’s 50 day moving average is GBX 218.21 and its two-hundred day moving average is GBX 235.30. The company has a market cap of $22.02 billion and a PE ratio of 7.99.
About Royal Bank of Scotland Group
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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