Royal Bank Scotland Lowered to “Underperform” at RBC Capital (RBS)
Royal Bank Scotland (NYSE:RBS) was downgraded by equities research analysts at RBC Capital from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Shares of Royal Bank Scotland (NYSE:RBS) traded up 1.00% during mid-day trading on Tuesday, hitting $12.13. 548,736 shares of the company’s stock traded hands. Royal Bank Scotland has a one year low of $8.12 and a one year high of $12.37. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $10.78. The company’s market cap is $68.067 billion.
RBS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Royal Bank Scotland from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. They now have a $10.60 price target on the stock. Separately, analysts at HSBC downgraded shares of Royal Bank Scotland from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, December 18th. Finally, analysts at Investec upgraded shares of Royal Bank Scotland from a “sell” rating to a “hold” rating in a research note to investors on Thursday, November 14th. Nine investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Royal Bank Scotland has an average rating of “Hold” and an average price target of $10.60.
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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