Royal Bank of Scotland Group (NYSE:RBS) Shares Up 5.6%

Royal Bank of Scotland Group PLC (NYSE:RBS) shot up 5.6% during trading on Thursday . The company traded as high as $4.95 and last traded at $4.94, 1,992,259 shares traded hands during trading. An increase of 118% from the average session volume of 914,647 shares. The stock had previously closed at $4.68.

A number of research firms have recently commented on RBS. Deutsche Bank cut Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. ValuEngine upgraded Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Investec upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Macquarie cut Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 14th. Finally, Zacks Investment Research cut Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $6.25.

The stock has a 50 day moving average of $4.87 and a 200-day moving average of $5.61. The firm has a market capitalization of $28.25 billion, a P/E ratio of 8.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Royal Bank of Scotland Group had a return on equity of 6.04% and a net margin of 17.89%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.48 billion. As a group, sell-side analysts expect that Royal Bank of Scotland Group PLC will post 0.75 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new position in Royal Bank of Scotland Group during the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC purchased a new position in Royal Bank of Scotland Group during the 2nd quarter valued at about $55,000. Sage Rhino Capital LLC purchased a new position in Royal Bank of Scotland Group during the 2nd quarter valued at about $61,000. First Trust Advisors LP purchased a new position in Royal Bank of Scotland Group during the 2nd quarter valued at about $81,000. Finally, Atria Investments LLC purchased a new position in Royal Bank of Scotland Group during the 2nd quarter valued at about $84,000. 0.60% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Scotland Group Company Profile (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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