Royal Bank of Scotland Group PLC (NYSE:RBS) Receives Consensus Rating of “Hold” from Analysts

Royal Bank of Scotland Group PLC (NYSE:RBS) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company.

RBS has been the topic of several research analyst reports. Bank of America lowered shares of Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 23rd. Zacks Investment Research lowered shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Numis Securities raised shares of Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods lowered shares of Royal Bank of Scotland Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, May 1st. Finally, ValuEngine lowered shares of Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd.

Shares of NYSE:RBS traded down $0.11 during trading on Thursday, reaching $5.27. The stock had a trading volume of 998,100 shares, compared to its average volume of 806,882. The business’s fifty day moving average is $5.68. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Royal Bank of Scotland Group has a 52 week low of $4.98 and a 52 week high of $7.31. The stock has a market capitalization of $34.22 billion, a PE ratio of 10.98 and a beta of 1.08.

Several institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC purchased a new stake in shares of Royal Bank of Scotland Group in the first quarter valued at about $37,000. First Trust Advisors LP purchased a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $81,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $97,000. Advisor Partners LLC raised its holdings in shares of Royal Bank of Scotland Group by 22.9% in the first quarter. Advisor Partners LLC now owns 15,027 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 2,796 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Royal Bank of Scotland Group by 28.6% in the second quarter. TD Asset Management Inc. now owns 32,254 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 7,180 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank of Scotland Group Company Profile

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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