skip to content

Market News

RBS upgraded by Jefferies

27 September 2017 15:01

Jefferies has upgraded its recommendation on Royal Bank of Scotland (LON:RBS) to 'buy' from 'hold' after increasing its earnings estimates by an average of 10% across 2017 to 2020, given changes to the UK rate outlook.

The broker said: "The key driver is a 5bps pick up in the net interest margin each year in the bank's UK retail and commercial banking unit.

"We have made some very modest changes to the impairment forecast (1bp lower at group in 2019; 2bps lower 2020) as we expect less of a steep slope in credit normalisation in the UK units."

Analysts have upped their price target on the stock to 306 pence per share (from 262 pence).

At 3:01pm: (LON:RBS) Royal Bank of Scotland Group The PLC share price was +7.35p at 269.15p

Story provided by

Related Company: RBS

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.