Royal Bank of Scotland Group (NYSE:RBS) Lowered to Neutral at Macquarie

Macquarie downgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from an outperform rating to a neutral rating in a research note released on Wednesday morning, Briefing.com Automated Import reports.

A number of other brokerages also recently weighed in on RBS. Numis Securities raised Royal Bank of Scotland Group from an add rating to a buy rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods downgraded Royal Bank of Scotland Group from an outperform rating to an underperform rating in a research report on Wednesday, May 1st. Bank of America downgraded Royal Bank of Scotland Group from a neutral rating to an underperform rating in a research report on Tuesday, July 23rd. ValuEngine downgraded Royal Bank of Scotland Group from a sell rating to a strong sell rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded Royal Bank of Scotland Group from a buy rating to a hold rating in a research report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Royal Bank of Scotland Group presently has an average rating of Hold and a consensus target price of $6.25.

Shares of NYSE RBS opened at $4.45 on Wednesday. The business’s 50 day moving average price is $5.49 and its two-hundred day moving average price is $6.13. The company has a market cap of $29.16 billion, a PE ratio of 9.27 and a beta of 1.11. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Royal Bank of Scotland Group has a twelve month low of $4.33 and a twelve month high of $7.31.

The company also recently announced a dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 16th will be given a $0.332 dividend. This is an increase from Royal Bank of Scotland Group’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, August 15th. Royal Bank of Scotland Group’s dividend payout ratio is presently 35.42%.

Institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of Royal Bank of Scotland Group in the first quarter valued at approximately $37,000. Pacer Advisors Inc. bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at approximately $55,000. First Trust Advisors LP bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at approximately $81,000. Finally, Atria Investments LLC bought a new stake in shares of Royal Bank of Scotland Group in the second quarter valued at approximately $84,000. 0.62% of the stock is currently owned by institutional investors.

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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