Royal Bank of Scotland Group (NYSE:RBS) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.
Several other analysts have also recently issued reports on RBS. Credit Suisse Group raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 10th. Citigroup raised shares of Royal Bank of Scotland Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Macquarie cut shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Finally, Sanford C. Bernstein cut shares of Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Thirteen analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Royal Bank of Scotland Group currently has a consensus rating of “Hold” and an average target price of $8.25.
Shares of Royal Bank of Scotland Group (NYSE:RBS) opened at $7.80 on Tuesday. The stock has a market cap of $48,875.25, a PE ratio of -10.83 and a beta of 1.20. Royal Bank of Scotland Group has a 1 year low of $5.62 and a 1 year high of $8.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98.
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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.