Royal Bank of Scotland Group (RBS) Rating Increased to Neutral at Bank of America

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.

A number of large investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its holdings in Royal Bank of Scotland Group by 1.0% in the second quarter. Capstone Asset Management Co. now owns 122,588 shares of the financial services provider’s stock valued at $800,000 after acquiring an additional 1,210 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in Royal Bank of Scotland Group by 24.4% in the second quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 3,159 shares in the last quarter. Comerica Bank raised its holdings in Royal Bank of Scotland Group by 1.3% in the first quarter. Comerica Bank now owns 343,344 shares of the financial services provider’s stock valued at $2,245,000 after acquiring an additional 4,464 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Royal Bank of Scotland Group by 4.2% in the fourth quarter. Nationwide Fund Advisors now owns 136,811 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 5,506 shares in the last quarter. Finally, World Asset Management Inc raised its holdings in Royal Bank of Scotland Group by 1.7% in the first quarter. World Asset Management Inc now owns 367,039 shares of the financial services provider’s stock valued at $2,228,000 after acquiring an additional 6,286 shares in the last quarter. 0.48% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

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

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