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

Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) have earned an average rating of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company.

RBS has been the topic of several recent analyst reports. Macquarie downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. Sanford C. Bernstein downgraded shares of Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Bank of America downgraded shares of Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley upgraded shares of Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 10th.

Several institutional investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its holdings in shares of Royal Bank of Scotland Group by 55.9% in the fourth quarter. ETRADE Capital Management LLC now owns 20,381 shares of the financial services provider’s stock valued at $156,000 after buying an additional 7,306 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Royal Bank of Scotland Group by 53.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,699 shares of the financial services provider’s stock valued at $257,000 after buying an additional 11,792 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Royal Bank of Scotland Group in the second quarter valued at about $102,000. Lourd Capital LLC bought a new position in shares of Royal Bank of Scotland Group in the fourth quarter valued at about $131,000. Finally, Narwhal Capital Management raised its holdings in shares of Royal Bank of Scotland Group by 10.7% in the third quarter. Narwhal Capital Management now owns 194,265 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 18,750 shares during the last quarter. 0.48% of the stock is owned by institutional investors and hedge funds.

Shares of Royal Bank of Scotland Group (NYSE RBS) opened at $7.83 on Wednesday. Royal Bank of Scotland Group has a 52 week low of $5.66 and a 52 week high of $8.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.82. The company has a market cap of $45,910.00, a price-to-earnings ratio of -10.73 and a beta of 1.20.

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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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