Royal Bank of Scotland Group plc Rating Lowered to Neutral at Zacks (RBS)
Royal Bank of Scotland Group plc (NYSE:RBS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $13.00 price objective on the stock. Zacks‘s price objective points to a potential upside of 9.15% from the stock’s previous close.
Royal Bank of Scotland Group plc (NYSE:RBS) traded down 2.52% on Tuesday, hitting $11.61. 437,066 shares of the company’s stock traded hands. Royal Bank of Scotland Group plc has a one year low of $9.73 and a one year high of $12.47. The stock’s 50-day moving average is $11. and its 200-day moving average is $11.01. The company’s market cap is $65.417 billion.
A number of other analysts have also recently weighed in on RBS. Analysts at Investec downgraded shares of Royal Bank of Scotland Group plc from a “hold” rating to a “sell” rating in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Royal Bank of Scotland Group plc from an “underweight” rating to a “neutral” rating in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.00.
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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