Royal Bank of Scotland Group PLC (RBS) Receives Average Rating of “Hold” from Brokerages

Royal Bank of Scotland Group PLC (NYSE:RBS) has earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have commented on the company. Jefferies Group upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Friday, September 29th. Citigroup upgraded Royal Bank of Scotland Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 10th. Bank of America downgraded Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Finally, Credit Suisse Group upgraded Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 10th.

Several institutional investors and hedge funds have recently modified their holdings of RBS. Cubist Systematic Strategies LLC bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth about $102,000. Institute for Wealth Management LLC. bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth about $103,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth about $117,000. Quantbot Technologies LP raised its position in shares of Royal Bank of Scotland Group by 109.5% during the second quarter. Quantbot Technologies LP now owns 26,025 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth about $180,000. Institutional investors own 0.47% of the company’s stock.

Royal Bank of Scotland Group (NYSE:RBS) traded down $0.02 during trading hours on Friday, reaching $8.46. The company had a trading volume of 820,367 shares, compared to its average volume of 744,947. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $49,160.00, a price-to-earnings ratio of -11.43 and a beta of 1.13. Royal Bank of Scotland Group has a fifty-two week low of $5.49 and a fifty-two week high of $8.49.

Royal Bank of Scotland Group (NYSE:RBS) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.19 billion. Royal Bank of Scotland Group had a positive return on equity of 7.75% and a negative net margin of 17.46%. sell-side analysts anticipate that Royal Bank of Scotland Group will post 0.7 EPS for the current fiscal year.

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About Royal Bank of Scotland Group

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.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

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