Royal Bank of Scotland Group PLC (RBS) Given Average Recommendation of “Buy” by Brokerages

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Royal Bank of Scotland Group PLC (NYSE:RBS) has earned an average rating of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of brokerages have recently weighed in on RBS. Zacks Investment Research raised Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. Morgan Stanley lowered Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a report on Monday, February 11th. Finally, ValuEngine upgraded Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a report on Friday, December 21st.

Shares of NYSE RBS opened at $6.98 on Tuesday. Royal Bank of Scotland Group has a twelve month low of $4.98 and a twelve month high of $8.14. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $41.81 billion, a PE ratio of 14.54 and a beta of 1.08.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings data on Friday, February 15th. The financial services provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). Royal Bank of Scotland Group had a net margin of 12.91% and a return on equity of 5.21%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4.29 billion. As a group, research analysts anticipate that Royal Bank of Scotland Group will post 0.82 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 22nd will be issued a $0.1961 dividend. The ex-dividend date of this dividend is Thursday, March 21st. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 35.42%.

Large investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new position in Royal Bank of Scotland Group in the fourth quarter valued at $57,000. Clearbridge Investments LLC boosted its holdings in Royal Bank of Scotland Group by 41.6% in the third quarter. Clearbridge Investments LLC now owns 687,519 shares of the financial services provider’s stock valued at $4,489,000 after purchasing an additional 201,909 shares during the period. Quadrant Capital Group LLC boosted its holdings in Royal Bank of Scotland Group by 51.6% in the fourth quarter. Quadrant Capital Group LLC now owns 18,175 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 6,183 shares during the period. Bank of New York Mellon Corp boosted its holdings in Royal Bank of Scotland Group by 210.4% in the third quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock valued at $34,850,000 after purchasing an additional 3,617,356 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Royal Bank of Scotland Group by 58.4% in the third quarter. Jane Street Group LLC now owns 327,932 shares of the financial services provider’s stock valued at $2,136,000 after purchasing an additional 120,867 shares during the period. Hedge funds and other institutional investors own 0.55% of the company’s stock.

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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