Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) have earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the company. Nine analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.61.

Several brokerages have recently weighed in on RBS. Societe Generale reiterated a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research note on Friday, June 17th. Macquarie cut shares of Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a research note on Monday, August 8th. Barclays PLC restated an “underweight” rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, August 10th. Vetr downgraded shares of Royal Bank of Scotland Group PLC from a “strong-buy” rating to a “buy” rating and set a $5.76 price objective on the stock. in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, June 17th.

Several institutional investors have recently modified their holdings of RBS. Wetherby Asset Management Inc. boosted its position in shares of Royal Bank of Scotland Group PLC by 27.4% in the second quarter. Wetherby Asset Management Inc. now owns 24,164 shares of the company’s stock worth $114,000 after buying an additional 5,200 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in shares of Royal Bank of Scotland Group PLC by 92.1% in the second quarter. Reliance Trust Co. of Delaware now owns 21,778 shares of the company’s stock worth $102,000 after buying an additional 10,440 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Royal Bank of Scotland Group PLC during the first quarter worth approximately $109,000. Geode Capital Management LLC boosted its position in shares of Royal Bank of Scotland Group PLC by 224.4% in the first quarter. Geode Capital Management LLC now owns 37,050 shares of the company’s stock worth $236,000 after buying an additional 25,629 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Royal Bank of Scotland Group PLC by 326.6% in the second quarter. Quantbot Technologies LP now owns 34,982 shares of the company’s stock worth $164,000 after buying an additional 26,782 shares during the last quarter. 0.34% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 1.12% during mid-day trading on Tuesday, reaching $4.52. 2,991,590 shares of the company’s stock traded hands. The firm’s market cap is $26.47 billion. The firm’s 50-day moving average price is $4.98 and its 200 day moving average price is $5.70. Royal Bank of Scotland Group PLC has a one year low of $3.91 and a one year high of $10.19.

Royal Bank of Scotland Group PLC Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

5 Day Chart for NYSE:RBS

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