Royal Bank of Scotland Group (NYSE:RBS) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 10th. Sanford C. Bernstein downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Macquarie downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Citigroup upgraded shares of Royal Bank of Scotland Group from a “sell” rating to a “neutral” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.25.

Shares of Royal Bank of Scotland Group (NYSE:RBS) traded up $0.26 during midday trading on Tuesday, reaching $8.44. 908,900 shares of the company’s stock were exchanged, compared to its average volume of 738,722. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $50,490.46, a P/E ratio of -11.72 and a beta of 1.13. Royal Bank of Scotland Group has a one year low of $5.37 and a one year high of $8.44.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.19 billion. Royal Bank of Scotland Group had a negative net margin of 17.46% and a positive return on equity of 7.75%. equities analysts anticipate that Royal Bank of Scotland Group will post 0.7 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Royal Bank of Scotland Group in the 2nd quarter worth about $102,000. Institute for Wealth Management LLC. bought a new stake in shares of Royal Bank of Scotland Group in the 2nd quarter worth about $103,000. Wetherby Asset Management Inc. increased its holdings in shares of Royal Bank of Scotland Group by 24.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock worth $105,000 after buying an additional 3,159 shares during the last quarter. Quantum Capital Management bought a new stake in shares of Royal Bank of Scotland Group in the 1st quarter worth about $107,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Royal Bank of Scotland Group in the 1st quarter worth about $109,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

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About Royal Bank of Scotland Group

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

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