ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

this is a golden oppuntunity to increase your stake in rbs

to buyer, good luck but i think we going towards end of tax year. my persnal advice not to take a risk just take a low profile, because a big fish may hold back there proffit for next year or sale there stock to claim lost???? also bank can claim its lost from proffit??? either way small fish like me would not like to take a risk at end of tax year,

Jak, Good point.

are they going to ever break the 50p as always seem to be stuck on getting past the 45p mark

Eventually. Ever so slowly catchee monkee. Good for the long haul.

just a shame there isnt more faith in them as seem to be preforming well on a whole think alot of money to be made with them over next year

Maybe a two-year time span

yea and maybe would be gov. free too by then then we could start to get divvy again then

it's a good solid share to hold, and is even profitably tradeable on a short term basis

And all of the above comments seem good for LLOY too, which is a little more lively.

Off to a flier on upgrades.

How high today?????

RBS climbs as BofA Merrill Lynch hike target
Royal Bank of Scotland (UK:RBS) (RBS) shares shot 7% higher to 49 pence as Bank of America Merrill Lynch raised its price target to 65 pence from 45 pence. "We still believe RBS is one of most geared banks into recovery in Europe. We think it can turn a profit in 2010 and that profitability can recover strongly thereafter driven by rising margins, tight cost control and falling bad debts," the broker said. Morgan Stanley added that it prefers RBS over Lloyds (UK:LLOY) though it has both at equal-weight.

i took my final profits here 3/4 days ago ..... too early some would grizzle; true enough, but it was a decent profit and can buy again if so moved

UK Government Stake In RBS Hits Profit Level As Shares Up 9%
By Patricia Kowsmann
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)

Shares of Royal Bank of Scotland Group PLC (RBS) on Friday surpassed the 49.9 pence level needed for the U.K. government to break even on its investment, following bullish analysts notes.

At 1111 GMT, shares were up 4.10 pence, or 9%, at 50.05 pence.

In one note, Bank of America Merrill Lynch said the 84%-government owned bank could turn to a profit this year as bad-debt charges and costs fall and margins increase.

In addition, it said, RBS shares could double in value over two years on an improved earnings outlook.

"While it is still relatively early days in the restructuring of RBS, we think that the 2009 results marked an inflection point and that the earnings power and surplus capital will become increasingly apparent as we move through 2010 and into 2011," the firm said, raising its target price to 65 pence from 45 pence and keeping the stock at a Buy.

Morgan Stanley also increased its target price on the bank to 50 pence from 40 pence on lower impairments, good asset quality and capital position. It kept the rating at equalweight.

RBS received the largest government bailout in the world after it fell into disarray when the financial crisis intensified and revealed deep problems in the ABN Amro businesses it got in an ill-timed acquisition, late in 2007.

The government's net outlay to buy 90.6 billion RBS shares under its rescue plan stands at GBP45.2 billion, indicating RBS shares must trade above 49.9 pence to put the state into the black on the holding.

The government, however, has said it is in no rush to sell the stake and could hold onto it for several more years.

could we be looking at another good week with rbs lets hope so

Good news......

http://ftalphaville.ft.com/thecut/2010/05/24/240221/rbs-nears-e400m-sale/

With all the hype with 1 Trades for warrants, free downloads pushing you to buy them because 'they' value them at 75p is total bol****s - Nothing more than a blatant ramp by the institutions to get you to part with your money. The fact is they have dropped by over 25% in the last 6 weeks - Next they'll hit you with a rights issue like Lloyds did, stay clear - Wont see 75p in a Long Time. Avoid

I still believe there is a lot more pain to come in the banking sector, and the housing sector also.
2517

I agree George, To be honest the old adage 'sell in May and go away' springs to mind - When to come back is what I'm trying to work out - probably 2 to 3 years possibly. Market Crash is imminent - Finding a sector thats recession proof is the answer, tell me, I'm still searching !