Royal Bank Scotland (NYSE:RBS) was downgraded by analysts at Numis Securities Ltd to a “buy” rating in a research report issued to clients and investors on Monday, StockRatingsNetwork reports.
Shares of Royal Bank Scotland (NYSE:RBS) traded up 2.76% during mid-day trading on Monday, hitting $11.91. 432,599 shares of the company’s stock traded hands. Royal Bank Scotland has a 1-year low of $8.12 and a 1-year high of $12.06. The stock has a 50-day moving average of $11.00 and a 200-day moving average of $9.78. The company’s market cap is $66.535 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Royal Bank Scotland (NYSE:RBS) in a research note to investors on Friday. Separately, analysts at UBS AG downgraded shares of Royal Bank Scotland (NYSE:RBS) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. Finally, analysts at Investec downgraded shares of Royal Bank Scotland (NYSE:RBS) from a “hold” rating to a “sell” rating in a research note to investors on Friday, August 16th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Royal Bank Scotland currently has an average rating of “Hold” and an average target price of $9.00.
The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.
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