Royal Bank of Scotland Group (RBS) Downgraded by ValuEngine to Strong Sell

ValuEngine lowered shares of Royal Bank of Scotland Group (NYSE:RBS) from a sell rating to a strong sell rating in a research note released on Friday.

A number of other equities research analysts have also issued reports on the company. Macquarie raised Royal Bank of Scotland Group from a neutral rating to an outperform rating in a research report on Tuesday, November 6th. Royal Bank of Canada raised Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Thursday, September 13th. Goldman Sachs Group raised Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Wednesday, September 12th. Societe Generale raised Royal Bank of Scotland Group from a sell rating to a hold rating in a research report on Monday, September 10th. Finally, Citigroup raised Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Monday, August 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Royal Bank of Scotland Group currently has a consensus rating of Hold and a consensus target price of $8.50.

RBS stock opened at $5.66 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $33.87 billion, a price-to-earnings ratio of 8.71 and a beta of 1.08. Royal Bank of Scotland Group has a 1 year low of $5.62 and a 1 year high of $8.74.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lourd Capital LLC purchased a new position in shares of Royal Bank of Scotland Group in the 3rd quarter valued at about $115,000. Trexquant Investment LP purchased a new position in shares of Royal Bank of Scotland Group in the 3rd quarter valued at about $117,000. Janney Montgomery Scott LLC increased its holdings in shares of Royal Bank of Scotland Group by 47.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,173 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 11,619 shares during the last quarter. HPM Partners LLC increased its holdings in shares of Royal Bank of Scotland Group by 45.7% in the 2nd quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 12,624 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Royal Bank of Scotland Group in the 2nd quarter valued at about $330,000. Institutional investors and hedge funds own 0.59% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

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