Morgan Stanley downgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from an overweight rating to an equal weight rating in a report issued on Monday, The Fly reports.
A number of other analysts have also recently commented on the stock. ValuEngine raised shares of Royal Bank of Scotland Group from a strong sell rating to a sell rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group from a strong sell rating to a hold rating in a research note on Friday, January 25th. Finally, Macquarie raised shares of Royal Bank of Scotland Group from a neutral rating to an outperform rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Royal Bank of Scotland Group currently has an average rating of Buy and an average price target of $8.50.
RBS stock opened at $6.28 on Monday. The company has a market cap of $38.19 billion, a price-to-earnings ratio of 9.66 and a beta of 1.03. Royal Bank of Scotland Group has a fifty-two week low of $4.98 and a fifty-two week high of $8.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.
Several large investors have recently modified their holdings of the company. Lindbrook Capital LLC purchased a new stake in Royal Bank of Scotland Group during the fourth quarter worth approximately $53,000. Stevens Capital Management LP bought a new position in shares of Royal Bank of Scotland Group during the fourth quarter valued at $57,000. Quadrant Capital Group LLC grew its position in shares of Royal Bank of Scotland Group by 51.6% during the 4th quarter. Quadrant Capital Group LLC now owns 18,175 shares of the financial services provider’s stock worth $96,000 after buying an additional 6,183 shares during the period. Lourd Capital LLC acquired a new position in Royal Bank of Scotland Group during the 3rd quarter worth approximately $115,000. Finally, Trexquant Investment LP acquired a new position in Royal Bank of Scotland Group in the 3rd quarter valued at $117,000. 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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