Royal Bank of Scotland Group (RBS) Raised to Outperform at Macquarie

Macquarie upgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

RBS has been the subject of a number of other reports. ValuEngine upgraded shares of Royal Bank of Scotland Group from a strong sell rating to a sell rating in a research note on Thursday, September 6th. Goldman Sachs Group upgraded shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research note on Wednesday, September 12th. Societe Generale upgraded shares of Royal Bank of Scotland Group from a sell rating to a hold rating in a research note on Monday, September 10th. UBS Group upgraded shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research note on Friday, August 10th. Finally, Royal Bank of Canada upgraded shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research note on Thursday, September 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group presently has a consensus rating of Hold and an average target price of $8.50.

RBS stock traded down $0.04 during trading on Tuesday, reaching $6.66. The company had a trading volume of 414,466 shares, compared to its average volume of 758,572. The stock has a market capitalization of $39.91 billion, a PE ratio of 10.25 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. Royal Bank of Scotland Group has a twelve month low of $5.82 and a twelve month high of $8.74.

A number of hedge funds have recently added to or reduced their stakes in RBS. Bank of New York Mellon Corp boosted its stake in Royal Bank of Scotland Group by 210.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock worth $34,850,000 after purchasing an additional 3,617,356 shares in the last quarter. Millennium Management LLC raised its position in Royal Bank of Scotland Group by 653.3% during the 1st quarter. Millennium Management LLC now owns 621,393 shares of the financial services provider’s stock worth $4,598,000 after buying an additional 538,909 shares during the last quarter. Renaissance Technologies LLC raised its position in Royal Bank of Scotland Group by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock worth $28,760,000 after buying an additional 329,100 shares during the last quarter. Northern Trust Corp raised its position in Royal Bank of Scotland Group by 8.8% during the 2nd quarter. Northern Trust Corp now owns 3,394,933 shares of the financial services provider’s stock worth $23,086,000 after buying an additional 275,077 shares during the last quarter. Finally, Sanders Capital LLC purchased a new position in Royal Bank of Scotland Group during the 3rd quarter worth approximately $1,629,000. Institutional investors own 0.58% 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.

Read More: Price to Earnings Ratio (PE)

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

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