Royal Bank of Scotland Group (RBS) Getting Somewhat Critical News Coverage, Study Shows
Media stories about Royal Bank of Scotland Group (LON:RBS) have trended somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Scotland Group earned a coverage optimism score of -1.67 on their scale. InfoTrie also gave news headlines about the financial services provider an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Royal Bank of Scotland Group’s analysis:
- Macquarie Upgrades Royal Bank of Scotland PLC (RBS:LN) (RBS) to Outperform (streetinsider.com)
- RBS to Meet Digital Needs of SMEs With New Digital Bank (zacks.com)
- Neutral Press Coverage Extremely Likely to Affect Royal Bank of Scotland Group (RBS) Stock Price (americanbankingnews.com)
- Co-operative Bank reports nine-month loss of 87 million pounds (finance.yahoo.com)
- UK watchdog tells banks to release mortgage ‘prisoners’ (finance.yahoo.com)
RBS traded down GBX 1 ($0.01) during trading on Friday, hitting GBX 251.90 ($3.29). 17,039,627 shares of the stock were exchanged, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a 1 year low of GBX 221.80 ($2.90) and a 1 year high of GBX 304.20 ($3.97).
RBS has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Royal Bank of Scotland Group in a research note on Wednesday, September 5th. HSBC raised Royal Bank of Scotland Group to a “buy” rating and raised their price target for the stock from GBX 280 ($3.66) to GBX 290 ($3.79) in a research note on Friday, August 17th. Deutsche Bank raised their price target on Royal Bank of Scotland Group from GBX 312 ($4.08) to GBX 315 ($4.12) and gave the stock a “buy” rating in a research note on Monday, August 13th. UBS Group raised Royal Bank of Scotland Group to a “buy” rating and raised their price target for the stock from GBX 285 ($3.72) to GBX 300 ($3.92) in a research note on Friday, August 10th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 340 ($4.44) price target on shares of Royal Bank of Scotland Group in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 312.50 ($4.08).
In related news, insider Ross McEwan purchased 99,458 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average cost of GBX 230 ($3.01) per share, for a total transaction of £228,753.40 ($298,906.83).
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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