Zacks Upgrades Royal Bank of Scotland Group plc to Outperform (RBS)

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Royal Bank of Scotland Group plc (NYSE:RBS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $12.40 price target on the stock. Zacks‘s target price suggests a potential upside of 8.68% from the company’s current price.

A number of other analysts have also recently weighed in on RBS. Analysts at Deutsche Bank upgraded shares of Royal Bank of Scotland Group plc from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Separately, analysts at TheStreet downgraded shares of Royal Bank of Scotland Group plc to a “sell” rating in a research note on Thursday, April 10th. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Royal Bank of Scotland Group plc to a “market perform” rating in a research note on Thursday, March 27th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.40.

Shares of Royal Bank of Scotland Group plc (NYSE:RBS) traded up 0.96% during mid-day trading on Monday, hitting $11.52. The stock had a trading volume of 641,723 shares. Royal Bank of Scotland Group plc has a 52-week low of $8.15 and a 52-week high of $12.44. The stock has a 50-day moving average of $10.91 and a 200-day moving average of $10.92. The company’s market cap is $64.979 billion.

The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.

To view Zacks’ full report, visit Zacks’ official website.

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