Royal Bank of Scotland Group (LON:RBS) had its target price lowered by Morgan Stanley from GBX 300 ($3.95) to GBX 275 ($3.62) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 33.50% from the company’s previous close.

Several other research firms have also recently weighed in on RBS. Deutsche Bank reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 250 ($3.29) price objective (down from GBX 260 ($3.42)) on shares of Royal Bank of Scotland Group in a research report on Monday. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Friday, January 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Friday, December 13th. Finally, Barclays reaffirmed an “underweight” rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 262.27 ($3.45).

Royal Bank of Scotland Group stock opened at GBX 206 ($2.71) on Tuesday. The stock’s 50 day simple moving average is GBX 225.83 and its two-hundred day simple moving average is GBX 216.88. The stock has a market cap of $24.91 billion and a price-to-earnings ratio of 12.48. Royal Bank of Scotland Group has a fifty-two week low of GBX 2.23 ($0.03) and a fifty-two week high of GBX 274.20 ($3.61).

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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