Royal Bank of Scotland Group PLC (NYSE:RBS)’s share price dropped 7.9% during trading on Friday . The company traded as low as $5.47 and last traded at $5.48, approximately 3,308,503 shares were traded during trading. An increase of 141% from the average daily volume of 1,370,332 shares. The stock had previously closed at $5.95.
A number of analysts recently commented on RBS shares. Morgan Stanley raised Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 16th. Credit Suisse Group assumed coverage on shares of Royal Bank of Scotland Group in a research report on Tuesday. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a report on Saturday, February 1st. Barclays lowered shares of Royal Bank of Scotland Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 14th. Finally, ValuEngine cut shares of Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.25.
The stock has a market cap of $34.65 billion, a PE ratio of 13.70 and a beta of 1.19. The business has a fifty day simple moving average of $5.99 and a two-hundred day simple moving average of $5.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.
About Royal Bank of Scotland Group (NYSE:RBS)
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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