Royal Bank of Scotland Group (LON:RBS) had its price objective dropped by equities researchers at Royal Bank of Canada from GBX 200 ($2.63) to GBX 155 ($2.04) in a note issued to investors on Tuesday, Stock Target Advisor reports. The firm presently has a “sector performer” rating on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 21.33% from the company’s current price.

Several other research firms have also recently weighed in on RBS. Credit Suisse Group assumed coverage on Royal Bank of Scotland Group in a research report on Tuesday, February 11th. They set an “outperform” rating and a GBX 260 ($3.42) price objective for the company. UBS Group reissued a “neutral” rating and set a GBX 215 ($2.83) price objective (down previously from GBX 230 ($3.03)) on shares of Royal Bank of Scotland Group in a research report on Monday, February 17th. Goldman Sachs Group cut their price objective on Royal Bank of Scotland Group from GBX 335 ($4.41) to GBX 280 ($3.68) and set a “buy” rating for the company in a research report on Tuesday, March 10th. JPMorgan Chase & Co. cut their price objective on Royal Bank of Scotland Group from GBX 250 ($3.29) to GBX 230 ($3.03) and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Deutsche Bank reissued a “hold” rating on shares of Royal Bank of Scotland Group in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 244.60 ($3.22).

Shares of LON RBS traded down GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 127.75 ($1.68). 29,437,867 shares of the company’s stock were exchanged, compared to its average volume of 16,430,000. Royal Bank of Scotland Group has a 1-year low of GBX 2.23 ($0.03) and a 1-year high of GBX 274.20 ($3.61). The stock has a market capitalization of $15.45 billion and a price-to-earnings ratio of 4.93. The company’s 50-day moving average price is GBX 188.34 and its 200-day moving average price is GBX 212.97.

In other Royal Bank of Scotland Group news, insider Alison Rose sold 198,774 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of GBX 141 ($1.85), for a total value of £280,271.34 ($368,681.06).

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.

Further Reading: Fundamental Analysis and Individual Investors

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

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