Royal Bank of Scotland Group plc (LON:RBS)’s share price shot up 0% during trading on Friday . The company traded as high as GBX 275.90 ($3.63) and last traded at GBX 274.98 ($3.62). 7,660,000 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 12,090,000 shares. The stock had previously closed at GBX 274.98 ($3.62).

RBS has been the topic of a number of research reports. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 265 ($3.49) target price on shares of Royal Bank of Scotland Group plc in a research report on Monday, October 30th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 300 ($3.95) target price on shares of Royal Bank of Scotland Group plc in a research report on Monday, October 30th. Berenberg Bank boosted their target price on shares of Royal Bank of Scotland Group plc from GBX 275 ($3.62) to GBX 300 ($3.95) and gave the stock a “buy” rating in a research report on Monday, October 30th. Societe Generale reaffirmed a “sell” rating on shares of Royal Bank of Scotland Group plc in a research report on Monday, October 23rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group plc in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 264.39 ($3.48).

In related news, insider Ross McEwan purchased 177,104 shares of Royal Bank of Scotland Group plc stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of GBX 282 ($3.71) per share, for a total transaction of £499,433.28 ($656,889.75).

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About Royal Bank of Scotland Group plc

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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