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

Share on StockTwits

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.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Bristol-Myers Squibb Given Consensus Rating of “Hold” by Brokerages
Bristol-Myers Squibb Given Consensus Rating of “Hold” by Brokerages
Boyd Gaming Given Average Recommendation of “Hold” by Analysts
Boyd Gaming Given Average Recommendation of “Hold” by Analysts
Rex Energy Given Consensus Rating of “Buy” by Brokerages
Rex Energy Given Consensus Rating of “Buy” by Brokerages
Short Interest in Ur-Energy Expands By 0.2%
Short Interest in Ur-Energy Expands By 0.2%
Short Interest in Lucas Energy Grows By 0.2%
Short Interest in Lucas Energy Grows By 0.2%
Liberator Medical Holdings Sees Large Growth in Short Interest
Liberator Medical Holdings Sees Large Growth in Short Interest


Leave a Reply

 
© 2006-2014 Mideast Time.