Goldman Sachs Group Upgrades Royal Bank of Scotland Group (RBS) to “Buy”

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Goldman Sachs Group upgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from a neutral rating to a buy rating in a research report report published on Wednesday morning, The Fly reports.

Several other brokerages also recently weighed in on RBS. Investec raised shares of Royal Bank of Scotland Group from a hold rating to a buy rating in a research report on Monday, June 18th. ValuEngine downgraded shares of Royal Bank of Scotland Group from a hold rating to a sell rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a hold rating to a sell rating in a research report on Friday, August 3rd. Societe Generale raised shares of Royal Bank of Scotland Group from a sell rating to a hold rating in a research report on Monday, September 10th. Finally, UBS Group raised shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Royal Bank of Scotland Group presently has an average rating of Hold and an average price target of $8.50.

RBS stock opened at $6.51 on Wednesday. Royal Bank of Scotland Group has a 52-week low of $6.13 and a 52-week high of $8.74. The company has a market cap of $38.71 billion, a PE ratio of 9.95 and a beta of 1.17. 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 (NYSE:RBS) last announced its quarterly earnings results 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). The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.27 billion. Royal Bank of Scotland Group had a net margin of 11.77% and a return on equity of 7.04%. sell-side analysts predict that Royal Bank of Scotland Group will post 0.76 EPS for the current year.

The business also recently announced a dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 24th were given a $0.05 dividend. The ex-dividend date was Thursday, August 23rd. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 15.38%.

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Royal Bank of Scotland Group in the 2nd quarter worth approximately $1,401,000. HPM Partners LLC grew its position in 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. Renaissance Technologies LLC grew its position in Royal Bank of Scotland Group by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock worth $28,760,000 after purchasing an additional 329,100 shares during the period. CIBC World Markets Inc. grew its position in Royal Bank of Scotland Group by 18.4% in the 2nd quarter. CIBC World Markets Inc. now owns 585,712 shares of the financial services provider’s stock worth $3,983,000 after purchasing an additional 91,100 shares during the period. Finally, Aperio Group LLC grew its position in Royal Bank of Scotland Group by 15.6% in the 2nd quarter. Aperio Group LLC now owns 902,609 shares of the financial services provider’s stock worth $6,138,000 after purchasing an additional 121,593 shares during the period. 0.58% of the stock is owned by institutional investors and hedge funds.

About Royal Bank of Scotland Group

Royal Bank of Scotland Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments.The Commercial and Private Banking segment covers the Commercial Banking, Private Banking, and RBS International Commercial Banking sub-segments, involved in serving retail, commercial, corporate, and financial institution customers.

See Also: Technical Analysis

The Fly

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

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