How Good Does Royal Bank of Scotland Group The PLC (LON:RBS) Look Now? UBS Has Just Upgraded The Stock

August 10, 2018 - By Jimmy Baldridge

The Royal Bank of Scotland Group plc (LON:RBS) Logo

Royal Bank of Scotland Group The PLC (LON:RBS) Stock Upgrade

UBS upgraded shares of Royal Bank of Scotland Group The PLC (LON:RBS) stock to a solid “Buy” rating. This recent change was shared with investors in a research note today. The broker now has a GBX 300.00 price target on RBS.

The Royal Bank of Scotland Group plc (LON:RBS) Ratings Coverage

Among 12 analysts covering Royal Bank of Scotland Group The PLC (LON:RBS), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Royal Bank of Scotland Group The PLC has GBX 340 highest and GBX 245.70 lowest target. GBX 299.15’s average target is 20.67% above currents GBX 247.9 stock price. Royal Bank of Scotland Group The PLC had 24 analyst reports since February 12, 2018 according to SRatingsIntel. Deutsche Bank upgraded The Royal Bank of Scotland Group plc (LON:RBS) on Wednesday, April 4 to “Buy” rating. The company was maintained on Friday, April 27 by Shore Capital. The rating was maintained by HSBC on Wednesday, June 20 with “Hold”. The firm has “Hold” rating by Shore Capital given on Friday, February 23. UBS maintained The Royal Bank of Scotland Group plc (LON:RBS) on Friday, February 23 with “Neutral” rating. The stock of The Royal Bank of Scotland Group plc (LON:RBS) has “Neutral” rating given on Thursday, March 8 by JP Morgan. The stock of The Royal Bank of Scotland Group plc (LON:RBS) has “Neutral” rating given on Monday, March 19 by Credit Suisse. As per Friday, February 16, the company rating was maintained by Credit Suisse. Deutsche Bank maintained The Royal Bank of Scotland Group plc (LON:RBS) on Monday, July 16 with “Buy” rating. On Monday, March 26 the stock rating was upgraded by Deutsche Bank to “Buy”.

The stock decreased 1.67% or GBX 4.2 during the last trading session, reaching GBX 247.9. About 17.87 million shares traded. The Royal Bank of Scotland Group plc (LON:RBS) has 0.00% since August 11, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await The Royal Bank of Scotland Group plc (LON:RBS) to report earnings on October, 26. They expect $0.19 EPS, up 26.67 % or $0.04 from last year’s $0.15 per share. RBS’s profit will be $22.87M for 326.18 P/E if the $0.19 EPS becomes a reality. After $0.15 actual EPS reported by The Royal Bank of Scotland Group plc for the previous quarter, Wall Street now forecasts 26.67 % EPS growth.

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial services and products to personal, commercial, corporate, and institutional clients worldwide. The company has market cap of 29.84 billion GBP. The firm operates through UK Personal & Business Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, NatWest Markets, Capital Resolution, Williams & Glyn, and Central Items & Other divisions. It has a 23.17 P/E ratio. It offers deposit products, including current accounts and savings accounts; personal lending products comprising secured products, personal loans, and credit cards; and commercial lending products, such as business lending, invoice financing, and asset-backed lending products.

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