Royal Bank of Scotland Group (RBS) Stock Rating Lowered by Morgan Stanley

Royal Bank of Scotland Group (NYSE:RBS) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. Macquarie upgraded Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 6th. Finally, ValuEngine upgraded Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Royal Bank of Scotland Group presently has a consensus rating of “Buy” and a consensus price target of $8.50.

Shares of RBS stock opened at $6.27 on Monday. Royal Bank of Scotland Group has a fifty-two week low of $4.98 and a fifty-two week high of $8.14. The stock has a market cap of $37.77 billion, a PE ratio of 9.65 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC purchased a new stake in Royal Bank of Scotland Group in the 4th quarter worth approximately $53,000. Stevens Capital Management LP purchased a new stake in Royal Bank of Scotland Group in the 4th quarter worth approximately $57,000. Lourd Capital LLC purchased a new stake in Royal Bank of Scotland Group in the 3rd quarter worth approximately $115,000. Trexquant Investment LP purchased a new stake in Royal Bank of Scotland Group in the 3rd quarter worth approximately $117,000. Finally, Quadrant Capital Group LLC boosted its position in Royal Bank of Scotland Group by 51.6% in the 4th quarter. Quadrant Capital Group LLC now owns 18,175 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 6,183 shares in the last quarter. Hedge funds and other institutional investors own 0.60% of the company’s stock.

About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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

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