Royal Bank of Scotland Group (NYSE:RBS) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Other analysts have also recently issued reports about the company. Macquarie upgraded 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 Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Thursday, September 13th. Goldman Sachs Group upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research cut Royal Bank of Scotland Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.50.

RBS opened at $5.93 on Thursday. The company has a market cap of $34.64 billion, a PE ratio of 9.12 and a beta of 0.91. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Royal Bank of Scotland Group has a 1 year low of $4.98 and a 1 year high of $8.74.

Royal Bank of Scotland Group (NYSE:RBS) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.09). The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.18 billion. Royal Bank of Scotland Group had a net margin of 7.46% and a return on equity of 5.41%. As a group, research analysts predict that Royal Bank of Scotland Group will post 0.81 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Royal Bank of Scotland Group in the 3rd quarter valued at $1,024,000. Clearbridge Investments LLC boosted its stake in Royal Bank of Scotland Group by 41.6% in the 3rd quarter. Clearbridge Investments LLC now owns 687,519 shares of the financial services provider’s stock valued at $4,489,000 after buying an additional 201,909 shares in the last quarter. HPM Partners LLC boosted its stake in Royal Bank of Scotland Group by 66.1% in the 3rd quarter. HPM Partners LLC now owns 66,844 shares of the financial services provider’s stock valued at $436,000 after buying an additional 26,599 shares in the last quarter. Jane Street Group LLC boosted its stake in Royal Bank of Scotland Group by 58.4% in the 3rd quarter. Jane Street Group LLC now owns 327,932 shares of the financial services provider’s stock valued at $2,136,000 after buying an additional 120,867 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Royal Bank of Scotland Group by 4.9% in the 3rd quarter. Renaissance Technologies LLC now owns 4,435,000 shares of the financial services provider’s stock valued at $28,961,000 after buying an additional 205,600 shares in the last quarter. 0.60% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank of Scotland Group Company Profile

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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