Analysts Upgrade RBS on Back of Profits Rise

Morningstar equity analysts raise their fair value estimate for Royal Bank of Scotland following third quarter results with profits of £392m 

Derya Guzel 27 October, 2017 | 2:52PM
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RBS

Following Royal Bank of Scotland’s (RBS) third-quarter results, Morningstar analysts have raised their fair value estimate to 300p a share, an increase of 35p, as a result of lower litigation and overall costs  for 2017.

Analysts expect restructuring charges to cost the bank £3.3 billion and legal and regulatory matters to cost a further £2 billion over 2018-21. As RBS works through these issues, we think the strength of its core business will increasingly drive results. We are maintaining our revenue estimates.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Lloyds Banking Group PLC46.68 GBP0.00Rating
NatWest Group PLC191.00 GBP0.00Rating

About Author

Derya Guzel  is an Equity Analyst for Morningstar

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