Royal Bank of Scotland Group (NYSE:RBS) Downgraded by Macquarie

Royal Bank of Scotland Group (NYSE:RBS) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

Several other research analysts also recently commented on the company. ValuEngine downgraded Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Bank of America downgraded Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods downgraded Royal Bank of Scotland Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Numis Securities raised Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.25.

NYSE RBS opened at $4.94 on Wednesday. The company has a fifty day moving average price of $5.55. Royal Bank of Scotland Group has a one year low of $4.85 and a one year high of $7.31. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $30.42 billion, a P/E ratio of 10.29 and a beta of 1.11.

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP boosted its stake in shares of Royal Bank of Scotland Group by 17.5% during the 4th quarter. Two Sigma Advisers LP now owns 120,400 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 17,900 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Royal Bank of Scotland Group by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,326,539 shares of the financial services provider’s stock worth $24,185,000 after acquiring an additional 236,472 shares in the last quarter. Advisor Partners LLC raised its holdings in shares of Royal Bank of Scotland Group by 22.9% during the first quarter. Advisor Partners LLC now owns 15,027 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 2,796 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Royal Bank of Scotland Group by 81.9% during the first quarter. Quadrant Capital Group LLC now owns 33,061 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 14,886 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Royal Bank of Scotland Group by 2.7% during the first quarter. Raymond James & Associates now owns 482,560 shares of the financial services provider’s stock worth $3,146,000 after acquiring an additional 12,714 shares in the last quarter. 0.62% of the stock is owned by institutional investors and hedge funds.

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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