Macquarie cut shares of Royal Bank of Scotland Group (LON:RBS) from an outperform rating to a neutral rating in a research note published on Thursday morning, FinViz reports. The firm currently has GBX 201 ($2.63) price target on the financial services provider’s stock, down from their previous price target of GBX 246 ($3.21).
Other equities research analysts also recently issued research reports about the company. Deutsche Bank reiterated a buy rating on shares of Royal Bank of Scotland Group in a research report on Monday, August 5th. Royal Bank of Canada cut 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 on the stock in a research note on Thursday, June 20th. UBS Group reissued a buy rating on shares of Royal Bank of Scotland Group in a research note on Friday, August 2nd. HSBC reissued a buy rating on shares of Royal Bank of Scotland Group in a research note on Thursday, June 13th. Finally, Barclays cut 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 on the stock in a research note on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price 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 one year low of GBX 176.55 ($2.31) and a one year high of GBX 274.20 ($3.58). The stock has a fifty day moving average of GBX 218.21 and a 200-day moving average of GBX 235.30. The company has a market capitalization of $22.02 billion and a PE ratio of 7.99.
The company also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 14 ($0.18) per share. This is an increase from Royal Bank of Scotland Group’s previous dividend of $11.00. This represents a yield of 6.82%. The ex-dividend date is Thursday, August 15th. Royal Bank of Scotland Group’s payout ratio is 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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