Royal Bank of Scotland Group (NYSE:RBS) Given “Hold” Rating at Deutsche Bank

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Deutsche Bank reiterated their hold rating on shares of Royal Bank of Scotland Group (NYSE:RBS) in a research report sent to investors on Thursday morning, Stock Target Advisor reports.

Several other equities research analysts have also commented on the stock. Macquarie lowered shares of Royal Bank of Scotland Group from an outperform rating to a neutral rating in a report on Wednesday, August 14th. Redburn Partners raised shares of Royal Bank of Scotland Group from a sell rating to a neutral rating in a report on Wednesday, October 16th. Barclays lowered shares of Royal Bank of Scotland Group from an overweight rating to an equal weight rating in a report on Tuesday, October 1st. Zacks Investment Research raised shares of Royal Bank of Scotland Group from a sell rating to a hold rating in a report on Thursday. Finally, Bank of America lowered shares of Royal Bank of Scotland Group from a neutral rating to an underperform rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $6.25.

RBS opened at $6.13 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average price of $5.04 and a 200 day moving average price of $5.58. Royal Bank of Scotland Group has a 1 year low of $4.33 and a 1 year high of $7.31. The stock has a market cap of $35.86 billion, a P/E ratio of 12.77 and a beta of 1.16.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings results on Friday, August 2nd. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.48 billion. Royal Bank of Scotland Group had a net margin of 17.89% and a return on equity of 6.04%. Equities analysts expect that Royal Bank of Scotland Group will post 0.72 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth $45,000. Tower Research Capital LLC TRC purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth $55,000. Sage Rhino Capital LLC purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth $61,000. First Trust Advisors LP purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth $81,000. Finally, Cresset Asset Management LLC grew its holdings in shares of Royal Bank of Scotland Group by 524.8% during the second quarter. Cresset Asset Management LLC now owns 15,451 shares of the financial services provider’s stock worth $88,000 after buying an additional 12,978 shares in the last quarter. 0.60% of the stock is owned by institutional investors and hedge funds.

About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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

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