Equities research analysts at Credit Suisse Group AG assumed coverage on shares of Royal Bank of Scotland Group PLC (NYSE:RBS) in a note issued to investors on Tuesday. The firm set an “underperform” rating on the stock.

A number of other research firms have also weighed in on RBS. Deutsche Bank AG lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a report on Monday, September 5th. Investec lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a report on Monday, September 12th. Citigroup Inc. reaffirmed a “sell” rating on shares of Royal Bank of Scotland Group PLC in a report on Wednesday, August 31st. Exane BNP Paribas lowered shares of Royal Bank of Scotland Group PLC from a “neutral” rating to an “underperform” rating in a report on Friday, November 18th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Royal Bank of Scotland Group PLC in a report on Wednesday, August 10th. Twelve research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Royal Bank of Scotland Group PLC currently has a consensus rating of “Hold” and a consensus price target of $21.21.

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

Royal Bank of Scotland Group PLC (NYSE:RBS) opened at 4.85 on Tuesday. The firm’s market cap is $28.50 billion. The stock’s 50 day moving average is $4.76 and its 200-day moving average is $5.27. Royal Bank of Scotland Group PLC has a one year low of $3.91 and a one year high of $9.43.

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Large investors have recently made changes to their positions in the stock. Boothbay Fund Management LLC purchased a new stake in shares of Royal Bank of Scotland Group PLC during the first quarter valued at $109,000. Reliance Trust Co. of Delaware raised its stake 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 stake 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. Quantbot Technologies LP raised its stake 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. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Royal Bank of Scotland Group PLC during the second quarter worth about $221,000. 0.32% of the stock is owned by institutional investors.

About Royal Bank of Scotland Group PLC

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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