Royal Bank of Scotland Group (NYSE:RBS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers. “

A number of other research analysts also recently commented on RBS. Investec raised shares of Royal Bank of Scotland Group from a hold rating to a buy rating in a research report on Wednesday, October 9th. Bank of America downgraded shares of Royal Bank of Scotland Group from a neutral rating to an underperform rating in a research report on Tuesday, July 23rd. Macquarie downgraded shares of Royal Bank of Scotland Group from an outperform rating to a neutral rating in a research report on Wednesday, August 14th. Deutsche Bank downgraded shares of Royal Bank of Scotland Group from a buy rating to a hold rating in a research report on Friday, September 6th. Finally, Redburn Partners raised shares of Royal Bank of Scotland Group from a sell rating to a neutral rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $6.25.

Shares of NYSE:RBS opened at $6.13 on Thursday. Royal Bank of Scotland Group has a 52 week low of $4.33 and a 52 week high of $7.31. The company’s 50 day moving average is $5.04 and its two-hundred day moving average is $5.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $35.86 billion, a PE ratio of 10.59 and a beta of 1.16.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.48 billion. Royal Bank of Scotland Group had a net margin of 17.89% and a return on equity of 6.04%. As a group, equities research analysts expect that Royal Bank of Scotland Group will post 0.72 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of RBS. Crossmark Global Holdings Inc. raised its stake in shares of Royal Bank of Scotland Group by 1.7% during the second quarter. Crossmark Global Holdings Inc. now owns 143,761 shares of the financial services provider’s stock valued at $817,000 after acquiring an additional 2,440 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Royal Bank of Scotland Group during the second quarter valued at approximately $97,000. Sanders Capital LLC raised its stake in shares of Royal Bank of Scotland Group by 1.4% during the second quarter. Sanders Capital LLC now owns 253,700 shares of the financial services provider’s stock valued at $1,441,000 after acquiring an additional 3,600 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Royal Bank of Scotland Group by 14.5% during the second quarter. Wetherby Asset Management Inc. now owns 32,417 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 4,101 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Royal Bank of Scotland Group by 80.4% during the second quarter. SG Americas Securities LLC now owns 41,414 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 18,455 shares in the last quarter. 0.60% of the stock is currently owned by hedge funds and other 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.

Featured Story: Google Finance

Get a free copy of the Zacks research report on Royal Bank of Scotland Group (RBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.