Royal Bank Scotland (NYSE:RBS) was downgraded by investment analysts at Societe Generale from a “hold” rating to a “sell” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on RBS. Analysts at Investec downgraded shares of Royal Bank Scotland from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 19th. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Royal Bank Scotland from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, July 9th.
Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.76.
Shares of Royal Bank Scotland (NYSE:RBS) remained flat at $9.78 during during mid-day trading trading on Monday. Royal Bank Scotland has a 52 week low of $6.92 and a 52 week high of $11.84. The stock’s 50-day moving average is currently $9.44. The company’s market cap is $54.376 billion.
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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