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 report released on Tuesday morning, MarketBeat Ratings reports.

Several other analysts have also recently issued reports on the company. ValuEngine upgraded Royal Bank of Scotland Group from a strong sell rating to a sell rating in a research report on Thursday, September 6th. Goldman Sachs Group upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Wednesday, September 12th. Societe Generale upgraded Royal Bank of Scotland Group from a sell rating to a hold rating in a research report on Monday, September 10th. UBS Group upgraded Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Friday, August 10th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $8.50.

Shares of NYSE RBS traded down $0.07 during trading on Tuesday, hitting $6.63. The company had a trading volume of 25,074 shares, compared to its average volume of 757,057. 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 12 month low of $5.82 and a 12 month high of $8.74. The company has a market capitalization of $39.07 billion, a P/E ratio of 10.23 and a beta of 1.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lourd Capital LLC purchased a new position in Royal Bank of Scotland Group during the 3rd quarter valued at approximately $115,000. Suntrust Banks Inc. purchased a new position in shares of Royal Bank of Scotland Group in the 1st quarter worth approximately $173,000. Janney Montgomery Scott LLC boosted its holdings in shares of Royal Bank of Scotland Group by 47.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,173 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 11,619 shares during the period. HPM Partners LLC boosted its holdings in shares of Royal Bank of Scotland Group by 45.7% in the 2nd quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 12,624 shares during the period. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Royal Bank of Scotland Group in the 2nd quarter worth approximately $330,000. Institutional investors and hedge funds own 0.58% 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.

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

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