RBS share price outperforms as boss flags share buybacks

Other equities analysts have also recently issued reports about the company. Finally, BNP Paribas reissued a neutral rating on shares of Royal Bank of Scotland Group PLC in a research note on Tuesday, August 4th. Investec reaffirmed a buy rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, July 29th.

RBS could follow American worldwide Group Inc., which bought shares to help cut the US government’s stake after requiring a bailout in 2008. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $10.61.

Royal Bank of Scotland Group The PLC traded down -0.84% on 29 September, hitting GBX 307.01. The 12-month consensus target price for the stock is GBX 363.85, which reflects an upside potential of 18.83% over the current price. The highest target is GBX 482 and the lowest is GBX 250 according to Thomson/First Call.

In related news, insider Stevenson, Ewen sold 54,607 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. This is down from the average of 13.03 million shares.

Royal Bank of Scotland Group Plc’s chief executive, Ross McEwan, said today that he wants the bank to buy back shares as the government sells down its stake. The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Organization conducts its business through three franchises and seven operating segments. The Company’s other sections are Corporate & Institutional Banking (CIB), Principal Functions and RBS Capital Resolution (RCR). The Commercial & Private Banking (CPB) franchise consists of two segments, Commercial Banking and Private Banking. RBS runs in the United Kingdom, America and globally through its principal subsidiaries, The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest).

A former foreign exchange trader fired by Royal Bank of Scotland said he was a scapegoat and the state-backed bank had “dishonestly contrived” his dismissal to deflect attention from its own failings.