Royal Bank of Scotland Group (NYSE:RBS) Stock Rating Lowered by Barclays

Royal Bank of Scotland Group (NYSE:RBS) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, Briefing.com Automated Import reports.

RBS has been the topic of several other research reports. Investec raised shares of Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley raised shares of Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Royal Bank of Scotland Group from a “neutral” rating to an “overweight” rating in a research report on Friday, October 18th. Zacks Investment Research raised shares of Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, ValuEngine raised shares of Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research report on Monday, December 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.25.

Shares of RBS stock traded down $0.12 on Tuesday, reaching $5.98. 1,966,468 shares of the company were exchanged, compared to its average volume of 1,069,172. The company has a market cap of $36.46 billion, a price-to-earnings ratio of 12.45 and a beta of 1.21. The company has a 50-day moving average of $6.23 and a 200-day moving average of $5.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 1.06. Royal Bank of Scotland Group has a one year low of $4.33 and a one year high of $7.31.

Royal Bank of Scotland Group (NYSE:RBS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.28). The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $4.08 billion. Royal Bank of Scotland Group had a return on equity of 4.37% and a net margin of 13.02%. As a group, sell-side analysts predict that Royal Bank of Scotland Group will post 0.69 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new position in shares of Royal Bank of Scotland Group during the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC bought a new position in shares of Royal Bank of Scotland Group during the 2nd quarter worth approximately $55,000. Sage Rhino Capital LLC bought a new position in shares of Royal Bank of Scotland Group during the 2nd quarter worth approximately $61,000. Virtu Financial LLC bought a new position in shares of Royal Bank of Scotland Group during the 3rd quarter worth approximately $66,000. Finally, Checchi Capital Advisers LLC lifted its position in shares of Royal Bank of Scotland Group by 20.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 15,987 shares of the financial services provider’s stock worth $82,000 after buying an additional 2,729 shares in the last quarter. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

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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