Royal Bank of Scotland Group (LON:RBS) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Royal Bank of Scotland Group (LON:RBS) in a research note published on Monday, Digital Look reports.

A number of other brokerages have also issued reports on RBS. Shore Capital reissued a buy rating on shares of Royal Bank of Scotland Group in a report on Friday, September 20th. HSBC lowered shares of Royal Bank of Scotland Group from a buy rating to a hold rating and dropped their price objective for the company from GBX 260 ($3.40) to GBX 210 ($2.74) in a report on Thursday, August 15th. Morgan Stanley reaffirmed an equal weight rating on shares of Royal Bank of Scotland Group in a research note on Friday, July 26th. Goldman Sachs Group reaffirmed a buy rating and set a GBX 325 ($4.25) target price (down previously from GBX 360 ($4.70)) on shares of Royal Bank of Scotland Group in a research note on Tuesday, August 13th. Finally, Deutsche Bank lowered shares of Royal Bank of Scotland Group from a buy rating to a hold rating and lowered their target price for the stock from GBX 290 ($3.79) to GBX 215 ($2.81) in a research note on Friday, September 6th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 264.92 ($3.46).

Shares of RBS opened at GBX 219.10 ($2.86) on Monday. Royal Bank of Scotland Group has a 12-month low of GBX 176.55 ($2.31) and a 12-month high of GBX 274.20 ($3.58). The firm has a 50-day moving average price of GBX 198.70 and a 200 day moving average price of GBX 218.95. The firm has a market capitalization of $26.70 billion and a P/E ratio of 9.61.

The business also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 15th were paid a dividend of GBX 14 ($0.18) per share. This represents a yield of 6.82%. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Royal Bank of Scotland Group’s previous dividend of $11.00. Royal Bank of Scotland Group’s dividend payout ratio (DPR) 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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