Royal Bank of Scotland Group (RBS) Rating Lowered to Market Perform at Sanford C. Bernstein

Royal Bank of Scotland Group (NYSE:RBS) was downgraded by equities researchers at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday.

A number of other research firms have also weighed in on RBS. Macquarie lowered shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. BNP Paribas upgraded shares of Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 5th. ValuEngine upgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Finally, Citigroup upgraded shares of Royal Bank of Scotland Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 10th. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Royal Bank of Scotland Group has a consensus rating of “Hold” and an average target price of $8.25.

Shares of Royal Bank of Scotland Group (NYSE:RBS) traded down $0.01 during mid-day trading on Tuesday, reaching $7.63. 87,284 shares of the company’s stock were exchanged, compared to its average volume of 941,102. Royal Bank of Scotland Group has a twelve month low of $5.37 and a twelve month high of $7.68. The stock has a market capitalization of $45,695.97, a PE ratio of -10.59 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.82.

Royal Bank of Scotland Group (NYSE:RBS) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Royal Bank of Scotland Group had a negative net margin of 17.46% and a positive return on equity of 7.75%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.19 billion. sell-side analysts predict that Royal Bank of Scotland Group will post 0.7 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth $102,000. Institute for Wealth Management LLC. bought a new position in shares of Royal Bank of Scotland Group during the second quarter worth $103,000. Wetherby Asset Management Inc. boosted its position in shares of Royal Bank of Scotland Group by 24.4% during the second quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 3,159 shares during the last quarter. Quantum Capital Management bought a new position in shares of Royal Bank of Scotland Group during the first quarter worth $107,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Royal Bank of Scotland Group during the first quarter worth $109,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/02/royal-bank-of-scotland-group-rbs-rating-lowered-to-market-perform-at-sanford-c-bernstein.html.

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.