Royal Bank of Scotland Group (NYSE:RBS) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from a sell rating to a hold rating in a research report released on Wednesday morning, ValuEngine reports.

A number of other research firms have also commented on RBS. Investec upgraded Royal Bank of Scotland Group from a hold rating to a buy rating in a research note on Wednesday, October 9th. Redburn Partners upgraded Royal Bank of Scotland Group from a sell rating to a neutral rating in a research note on Wednesday, October 16th. Barclays lowered Royal Bank of Scotland Group from an equal weight rating to an underweight rating in a research note on Tuesday. Morgan Stanley upgraded Royal Bank of Scotland Group from an equal weight rating to an overweight rating in a research note on Monday, December 16th. Finally, Citigroup lowered Royal Bank of Scotland Group from a buy rating to a neutral rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group presently has an average rating of Hold and an average price target of $6.25.

Royal Bank of Scotland Group stock remained flat at $$5.86 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,228,915 shares, compared to its average volume of 1,112,890. The firm’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $5.55. Royal Bank of Scotland Group has a 12-month low of $4.33 and a 12-month high of $7.31. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The company has a market cap of $35.19 billion, a price-to-earnings ratio of 12.20 and a beta of 1.21.

Royal Bank of Scotland Group (NYSE:RBS) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.28). Royal Bank of Scotland Group had a return on equity of 4.37% and a net margin of 13.02%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $4.08 billion. As a group, research analysts expect that Royal Bank of Scotland Group will post 0.69 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of RBS. Pacer Advisors Inc. bought a new position in shares of Royal Bank of Scotland Group in the 2nd quarter valued at $45,000. Tower Research Capital LLC TRC bought a new stake in Royal Bank of Scotland Group during the 2nd quarter worth $55,000. Sage Rhino Capital LLC bought a new stake in Royal Bank of Scotland Group during the 2nd quarter worth $61,000. Virtu Financial LLC bought a new stake in Royal Bank of Scotland Group during the 3rd quarter worth $66,000. Finally, Checchi Capital Advisers LLC grew its position in Royal Bank of Scotland Group by 20.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 15,987 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 2,729 shares during the last quarter. Institutional investors own 0.57% 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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