Royal Bank of Scotland Group PLC (NYSE:RBS) – Stock analysts at Jefferies Group dropped their FY2018 EPS estimates for Royal Bank of Scotland Group PLC in a research note issued on Monday. Jefferies Group analyst J. Dickerson now forecasts that the firm will post earnings of $0.57 per share for the year, down from their prior estimate of $0.62. Jefferies Group currently has a “Hold” rating on the stock.

Several other equities research analysts have also recently commented on RBS. Goldman Sachs Group Inc. restated a “buy” rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, August 10th. Bank of America Corp. cut Royal Bank of Scotland Group PLC from a “neutral” rating to an “underperform” rating in a research note on Monday, June 27th. Royal Bank Of Canada cut Royal Bank of Scotland Group PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, June 27th. Societe Generale cut Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Finally, Vetr cut Royal Bank of Scotland Group PLC from a “strong-buy” rating to a “buy” rating and set a $5.76 price target for the company. in a research note on Wednesday, July 20th. Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.61.

Royal Bank of Scotland Group PLC (NYSE:RBS) traded down 1.45% on Tuesday, hitting $4.77. The stock had a trading volume of 628,890 shares. The stock’s 50 day moving average is $5.12 and its 200 day moving average is $5.92. The stock’s market cap is $27.94 billion. Royal Bank of Scotland Group PLC has a one year low of $3.91 and a one year high of $10.26.

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Several hedge funds have recently modified their holdings of the stock. Boothbay Fund Management LLC bought a new stake in shares of Royal Bank of Scotland Group PLC during the first quarter valued at about $109,000. Oxford Asset Management increased its stake in shares of Royal Bank of Scotland Group PLC by 310.3% in the second quarter. Oxford Asset Management now owns 185,425 shares of the company’s stock valued at $871,000 after buying an additional 140,237 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Royal Bank of Scotland Group PLC by 326.6% in the second quarter. Quantbot Technologies LP now owns 34,982 shares of the company’s stock valued at $164,000 after buying an additional 26,782 shares in the last quarter. World Asset Management Inc increased its stake in shares of Royal Bank of Scotland Group PLC by 8.6% in the second quarter. World Asset Management Inc now owns 360,832 shares of the company’s stock valued at $1,696,000 after buying an additional 28,672 shares in the last quarter. Finally, HBK Investments L P bought a new stake in shares of Royal Bank of Scotland Group PLC during the first quarter valued at about $216,000. Institutional investors and hedge funds own 0.34% of the company’s stock.

About Royal Bank of Scotland Group PLC

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

5 Day Chart for NYSE:RBS

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