Keefe, Bruyette & Woods Downgrades Royal Bank Scotland to Underperform (RBS)
Royal Bank Scotland (NYSE:RBS) was downgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Royal Bank Scotland (NYSE:RBS) traded down 3.23% during mid-day trading on Wednesday, hitting $11.39. The stock had a trading volume of 2,885,060 shares. Royal Bank Scotland has a 52-week low of $7.00 and a 52-week high of $11.84. The stock’s 50-day moving average is $10.45 and its 200-day moving average is $9.60. The company’s market cap is $63.630 billion.
A number of other analysts have also recently weighed in on RBS. Analysts at Bank of America Corp. downgraded shares of Royal Bank Scotland from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, October 14th. Separately, analysts at Numis Securities Ltd downgraded shares of Royal Bank Scotland to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Royal Bank Scotland in a research note to investors on Friday, September 27th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.10.
The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.
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