Royal Bank of Scotland Group PLC (RBS) Receives Consensus Recommendation of “Hold” from Brokerages

Royal Bank of Scotland Group PLC (NYSE:RBS) has been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company.

RBS has been the subject of several recent research reports. Citigroup upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Monday, August 20th. ValuEngine downgraded Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. UBS Group upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Friday, August 10th. Royal Bank of Canada upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Thursday, September 13th. Finally, Zacks Investment Research downgraded Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd.

Shares of RBS stock opened at $6.76 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.98. Royal Bank of Scotland Group has a fifty-two week low of $6.13 and a fifty-two week high of $8.74. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 10.40 and a beta of 1.17.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, August 3rd. The financial services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Royal Bank of Scotland Group had a net margin of 11.77% and a return on equity of 7.04%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.27 billion. equities analysts predict that Royal Bank of Scotland Group will post 0.76 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in shares of Royal Bank of Scotland Group by 8.4% during the second quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock valued at $28,760,000 after acquiring an additional 329,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Royal Bank of Scotland Group by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,061,889 shares of the financial services provider’s stock valued at $30,058,000 after acquiring an additional 203,114 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Royal Bank of Scotland Group by 8.8% during the second quarter. Northern Trust Corp now owns 3,394,933 shares of the financial services provider’s stock valued at $23,086,000 after acquiring an additional 275,077 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Royal Bank of Scotland Group by 15.6% during the second quarter. Aperio Group LLC now owns 902,609 shares of the financial services provider’s stock valued at $6,138,000 after acquiring an additional 121,593 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Royal Bank of Scotland Group by 653.3% during the first quarter. Millennium Management LLC now owns 621,393 shares of the financial services provider’s stock valued at $4,598,000 after acquiring an additional 538,909 shares in the last quarter. 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.

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

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