Royal Bank of Scotland Group (NYSE:RBS) Raised to Hold at Zacks Investment Research

Royal Bank of Scotland Group (NYSE:RBS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers. “

Other equities analysts have also recently issued reports about the company. Macquarie cut Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 14th. ValuEngine raised Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Investec raised Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. Barclays cut Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, HSBC cut Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Shares of RBS stock traded up $0.07 on Thursday, reaching $5.95. The stock had a trading volume of 1,643,953 shares, compared to its average volume of 1,547,318. The stock has a market cap of $32.84 billion, a P/E ratio of 12.40 and a beta of 1.16. Royal Bank of Scotland Group has a 1 year low of $4.33 and a 1 year high of $7.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day simple moving average of $4.98 and a 200 day simple moving average of $5.59.

Royal Bank of Scotland Group (NYSE:RBS) last announced its earnings results on Friday, August 2nd. The financial services provider reported $0.25 EPS for the quarter, topping 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 company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, equities research analysts anticipate that Royal Bank of Scotland Group will post 0.72 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Atria Investments LLC bought a new stake in Royal Bank of Scotland Group during the second quarter valued at about $84,000. A.R.T. Advisors LLC raised its holdings in Royal Bank of Scotland Group by 101.5% during the second quarter. A.R.T. Advisors LLC now owns 79,793 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 40,199 shares during the period. Aperio Group LLC raised its holdings in Royal Bank of Scotland Group by 5.9% during the second quarter. Aperio Group LLC now owns 1,017,029 shares of the financial services provider’s stock valued at $5,777,000 after acquiring an additional 56,881 shares during the period. Marshall Wace North America L.P. bought a new stake in Royal Bank of Scotland Group during the second quarter valued at about $2,388,000. Finally, Sage Rhino Capital LLC bought a new stake in Royal Bank of Scotland Group during the second quarter valued at about $61,000. 0.60% of the stock is currently owned by institutional investors and hedge funds.

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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