Exane BNP Paribas lowered shares of Royal Bank of Scotland Group PLC (NYSE:RBS) from a neutral rating to an underperform rating in a report released on Friday.

Several other research firms have also recently commented on RBS. Macquarie lowered Royal Bank of Scotland Group PLC from an outperform rating to a neutral rating in a research report on Monday, August 8th. Zacks Investment Research raised Royal Bank of Scotland Group PLC from a sell rating to a hold rating in a research report on Tuesday, August 9th. Barclays PLC reaffirmed an underweight rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, August 10th. Finally, Investec reaffirmed a buy rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, August 26th. Eleven analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $21.21.

Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 1.19% during midday trading on Friday, hitting $5.10. 617,523 shares of the stock were exchanged. The stock’s market cap is $29.97 billion. The firm has a 50-day moving average price of $4.70 and a 200-day moving average price of $5.33. Royal Bank of Scotland Group PLC has a one year low of $3.91 and a one year high of $9.43.

Several hedge funds have recently made changes to their positions in RBS. Boothbay Fund Management LLC acquired a new stake in Royal Bank of Scotland Group PLC during the first quarter worth $109,000. Oxford Asset Management boosted its stake in Royal Bank of Scotland Group PLC by 310.3% in the second quarter. Oxford Asset Management now owns 185,425 shares of the company’s stock worth $871,000 after buying an additional 140,237 shares in the last quarter. HBK Investments L P acquired a new stake in Royal Bank of Scotland Group PLC during the first quarter worth $216,000. Quantbot Technologies LP boosted its stake in 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 in the last quarter. Finally, World Asset Management Inc boosted its stake in Royal Bank of Scotland Group PLC by 8.6% in the second quarter. World Asset Management Inc now owns 360,832 shares of the company’s stock worth $1,696,000 after buying an additional 28,672 shares in the last quarter. Institutional investors own 0.37% of the company’s stock.

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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