Royal Bank of Scotland Group PLC (RBS) Receives Average Rating of “Hold” from Brokerages

Royal Bank of Scotland Group PLC (NYSE:RBS) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts have recently weighed in on RBS shares. Zacks Investment Research raised Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Friday, September 29th. Jefferies Group raised Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Sanford C. Bernstein downgraded Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Macquarie downgraded Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Finally, Bank of America raised Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a report on Friday, September 22nd.

Several hedge funds have recently bought and sold shares of RBS. Quantbot Technologies LP boosted its holdings in shares of Royal Bank of Scotland Group by 109.5% in the second quarter. Quantbot Technologies LP now owns 26,025 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 13,600 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Royal Bank of Scotland Group by 8.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,638,837 shares of the financial services provider’s stock worth $10,702,000 after purchasing an additional 121,548 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Royal Bank of Scotland Group by 13.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,992 shares of the financial services provider’s stock worth $24,631,000 after purchasing an additional 439,887 shares during the period. Stifel Financial Corp lifted its holdings in shares of Royal Bank of Scotland Group by 17.5% during the second quarter. Stifel Financial Corp now owns 233,755 shares of the financial services provider’s stock worth $1,527,000 after purchasing an additional 34,840 shares during the period. Finally, Carnegie Capital Asset Management LLC acquired a new stake in shares of Royal Bank of Scotland Group during the second quarter worth $180,000. 0.47% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Scotland Group (RBS) opened at $8.40 on Friday. The company has a market cap of $49,410.00, a P/E ratio of -11.35 and a beta of 1.13. Royal Bank of Scotland Group has a one year low of $5.41 and a one year high of $8.44. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.82.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates 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 research analysts anticipate that Royal Bank of Scotland Group will post 0.7 EPS for the current fiscal year.

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Royal Bank of Scotland Group Company Profile

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)

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