Zacks Investment Research upgraded shares of Royal Bank of Scotland Group PLC (NYSE:RBS) from a hold rating to a buy rating in a research note published on Wednesday morning. The brokerage currently has $5.00 price target on the stock.

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. “

RBS has been the topic of a number of other reports. Societe Generale downgraded shares of Royal Bank of Scotland Group PLC from a hold rating to a sell rating in a research note on Monday, June 27th. Bank of America Corp. downgraded shares of Royal Bank of Scotland Group PLC from a neutral rating to an underperform rating in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a sell rating on shares of Royal Bank of Scotland Group PLC in a research note on Friday, September 16th. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, August 10th. Finally, Macquarie downgraded shares of Royal Bank of Scotland Group PLC from an outperform rating to a neutral rating in a research note on Monday, August 8th. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $21.21.

Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) opened at 4.37 on Wednesday. Royal Bank of Scotland Group PLC has a 1-year low of $3.91 and a 1-year high of $10.26. The stock has a 50 day moving average of $4.94 and a 200-day moving average of $5.69. The company’s market capitalization is $25.60 billion.

Institutional investors have recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in shares of Royal Bank of Scotland Group PLC during the first quarter worth $109,000. Reliance Trust Co. of Delaware raised 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 period. Wetherby Asset Management Inc. raised 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 period. HBK Investments L P acquired a new position in shares of Royal Bank of Scotland Group PLC during the first quarter worth $216,000. Finally, Quantbot Technologies LP raised 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 period. 0.34% of the stock is owned by institutional investors and hedge funds.

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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