Royal Bank of Scotland Group (RBS) Lowered to Strong Sell at ValuEngine

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ValuEngine lowered shares of Royal Bank of Scotland Group (NYSE:RBS) from a sell rating to a strong sell rating in a research note released on Friday morning.

Several other brokerages also recently weighed in on RBS. 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. Citigroup upgraded shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Monday, August 20th. Macquarie upgraded shares of Royal Bank of Scotland Group from a neutral rating to an outperform rating in a research report on Tuesday, November 6th. Royal Bank of Canada upgraded shares of Royal Bank of Scotland Group from a neutral rating to a buy rating in a research report on Thursday, September 13th. Finally, Societe Generale upgraded shares of Royal Bank of Scotland Group from a sell rating to a hold rating in a research report on Monday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Royal Bank of Scotland Group presently has a consensus rating of Hold and a consensus price target of $8.50.

Shares of Royal Bank of Scotland Group stock traded down $0.27 during trading hours on Friday, reaching $5.66. The company’s stock had a trading volume of 4,026,024 shares, compared to its average volume of 1,036,520. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99. Royal Bank of Scotland Group has a one year low of $5.65 and a one year high of $8.74. The company has a market cap of $38.95 billion, a P/E ratio of 8.71 and a beta of 1.08.

A number of large investors have recently modified their holdings of RBS. Bank of New York Mellon Corp lifted its position in Royal Bank of Scotland Group by 210.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock valued at $34,850,000 after purchasing an additional 3,617,356 shares during the last quarter. Millennium Management LLC raised its position in shares of Royal Bank of Scotland Group by 653.3% during the 1st quarter. Millennium Management LLC now owns 621,393 shares of the financial services provider’s stock worth $4,598,000 after buying an additional 538,909 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Royal Bank of Scotland Group by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock worth $28,760,000 after buying an additional 329,100 shares in the last quarter. Northern Trust Corp raised its position in shares of Royal Bank of Scotland Group by 8.8% during the 2nd quarter. Northern Trust Corp now owns 3,394,933 shares of the financial services provider’s stock worth $23,086,000 after buying an additional 275,077 shares in the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Royal Bank of Scotland Group during the 3rd quarter worth about $1,629,000. Hedge funds and other institutional investors own 0.59% 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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