Shore Capital reiterated their buy rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on RBS. Macquarie lowered shares of Royal Bank of Scotland Group from an outperform rating to a neutral rating and cut their price objective for the company from GBX 246 ($3.21) to GBX 201 ($2.63) in a research report on Thursday, August 15th. Societe Generale reaffirmed a hold rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, September 10th. Barclays reaffirmed an overweight rating on shares of Royal Bank of Scotland Group in a research report on Thursday, September 12th. Jefferies Financial Group reaffirmed a buy rating on shares of Royal Bank of Scotland Group in a research report on Monday, July 1st. Finally, Berenberg Bank cut their price objective on shares of Royal Bank of Scotland Group from GBX 340 ($4.44) to GBX 280 ($3.66) and set a buy rating for the company in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 263.23 ($3.44).

Shares of RBS opened at GBX 211.30 ($2.76) on Friday. The company has a 50-day simple moving average of GBX 194.24 and a 200-day simple moving average of GBX 225.58. The firm has a market capitalization of $25.81 billion and a P/E ratio of 9.27. 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 firm also recently announced a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were paid a GBX 14 ($0.18) dividend. The ex-dividend date was Thursday, August 15th. This represents a yield of 6.82%. This is a boost from Royal Bank of Scotland Group’s previous dividend of $11.00. Royal Bank of Scotland Group’s payout ratio is presently 0.18%.

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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Analyst Recommendations for Royal Bank of Scotland Group (LON:RBS)

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