Royal Bank of Scotland Group (NYSE:RBS) Rating Lowered to Hold at Zacks Investment Research

Royal Bank of Scotland Group (NYSE:RBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, November 29th.

According to Zacks, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers. “

Several other research analysts have also weighed in on RBS. upgraded shares of Royal Bank of Scotland Group from a “reduce” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine lowered shares of Royal Bank of Scotland Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank of Canada upgraded shares of Royal Bank of Scotland Group from an “underperform” rating to a “sector perform” rating in a report on Monday, September 4th. Bank of America raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Friday, September 22nd. Finally, Jefferies Group raised shares of Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Thirteen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Bank of Scotland Group currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Royal Bank of Scotland Group (RBS) opened at $7.48 on Wednesday. Royal Bank of Scotland Group has a 12 month low of $5.37 and a 12 month high of $7.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $44,110.00, a price-to-earnings ratio of 9.96 and a beta of 1.12.

Royal Bank of Scotland Group (NYSE:RBS) last released its earnings results on Friday, October 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.19 billion. Royal Bank of Scotland Group had a negative net margin of 17.46% and a positive return on equity of 7.75%. research analysts predict that Royal Bank of Scotland Group will post 0.7 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Royal Bank of Scotland Group during the 2nd quarter valued at approximately $102,000. Institute for Wealth Management LLC. purchased a new position in shares of Royal Bank of Scotland Group during the 2nd quarter valued at approximately $103,000. Wetherby Asset Management Inc. boosted its stake in shares of Royal Bank of Scotland Group by 24.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock valued at $105,000 after buying an additional 3,159 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Royal Bank of Scotland Group during the 2nd quarter valued at approximately $117,000. Finally, Grove Bank & Trust boosted its stake in shares of Royal Bank of Scotland Group by 259.2% during the 2nd quarter. Grove Bank & Trust now owns 19,610 shares of the financial services provider’s stock valued at $128,000 after buying an additional 14,150 shares during the last quarter. Institutional investors own 0.48% of the company’s stock.

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About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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