Royal Bank of Scotland Group (RBS) Downgraded by ValuEngine to Strong Sell

ValuEngine cut shares of Royal Bank of Scotland Group (NYSE:RBS) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning.

Several other research analysts also recently weighed in on RBS. Zacks Investment Research downgraded Royal Bank of Scotland Group from a hold rating to a sell rating in a research note on Friday, August 3rd. UBS Group upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Friday, August 10th. Societe Generale upgraded Royal Bank of Scotland Group from a sell rating to a hold rating in a report on Monday, September 10th. Citigroup upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a report on Monday, August 20th. Finally, Goldman Sachs Group upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $8.50.

Shares of RBS stock opened at $5.66 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $33.87 billion, a PE ratio of 8.71 and a beta of 1.08. Royal Bank of Scotland Group has a 1-year low of $5.62 and a 1-year high of $8.74.

A number of large investors have recently modified their holdings of the business. HPM Partners LLC grew its holdings in Royal Bank of Scotland Group by 66.1% in the 3rd quarter. HPM Partners LLC now owns 66,844 shares of the financial services provider’s stock valued at $436,000 after buying an additional 26,599 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Royal Bank of Scotland Group by 58.4% during the 3rd quarter. Jane Street Group LLC now owns 327,932 shares of the financial services provider’s stock worth $2,136,000 after purchasing an additional 120,867 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Royal Bank of Scotland Group by 4.9% during the 3rd quarter. Renaissance Technologies LLC now owns 4,435,000 shares of the financial services provider’s stock worth $28,961,000 after purchasing an additional 205,600 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Royal Bank of Scotland Group by 81.9% during the 3rd quarter. Hsbc Holdings PLC now owns 189,375 shares of the financial services provider’s stock worth $1,237,000 after purchasing an additional 85,285 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Royal Bank of Scotland Group by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,090,067 shares of the financial services provider’s stock worth $26,708,000 after purchasing an additional 33,512 shares during the period. Institutional investors own 0.59% 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.

Featured Story: Risk Tolerance and Your Investment Decisions

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

Receive News & Ratings for Royal Bank of Scotland Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Scotland Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply