Royal Bank of Scotland Group (NYSE:RBS) Lowered to Neutral at Macquarie

Macquarie cut shares of Royal Bank of Scotland Group (NYSE:RBS) from an outperform rating to a neutral rating in a report released on Wednesday, Briefing.com Automated Import reports.

RBS has been the subject of a number of other reports. Numis Securities raised Royal Bank of Scotland Group from an add rating to a buy rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods lowered Royal Bank of Scotland Group from an outperform rating to an underperform rating in a report on Wednesday, May 1st. Bank of America lowered Royal Bank of Scotland Group from a neutral rating to an underperform rating in a report on Tuesday, July 23rd. Zacks Investment Research lowered Royal Bank of Scotland Group from a buy rating to a hold rating in a report on Tuesday, June 18th. Finally, ValuEngine lowered Royal Bank of Scotland Group from a sell rating to a strong sell rating in a report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Royal Bank of Scotland Group has a consensus rating of Hold and a consensus target price of $6.25.

Shares of Royal Bank of Scotland Group stock opened at $4.45 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Royal Bank of Scotland Group has a 12 month low of $4.33 and a 12 month high of $7.31. The business has a fifty day simple moving average of $5.49 and a 200 day simple moving average of $6.13. The stock has a market cap of $29.16 billion, a PE ratio of 9.27 and a beta of 1.11.

The firm also recently announced a dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.332 per share. The ex-dividend date is Thursday, August 15th. This is a positive change from Royal Bank of Scotland Group’s previous dividend of $0.05. Royal Bank of Scotland Group’s payout ratio is currently 35.42%.

Hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC bought a new position in Royal Bank of Scotland Group during the first quarter worth about $37,000. Pacer Advisors Inc. bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $45,000. Tower Research Capital LLC TRC bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $55,000. First Trust Advisors LP bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $81,000. Finally, Atria Investments LLC bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at about $84,000. Hedge funds and other institutional investors own 0.62% of the company’s stock.

About Royal Bank of Scotland Group

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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