Today: Today, Royal Bank of Scotland Group PLC (RBS) Earns Underperform Rating from Analysts at Credit Suisse Group AG

Today, Royal Bank of Scotland Group PLC (RBS) Earns Underperform Rating from Analysts at Credit Suisse Group AG

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

A number of other research analysts have also issued reports on the stock. Deutsche Bank AG lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. Investec lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Citigroup Inc. reiterated a “sell” rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Macquarie lowered shares of Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a research note on Monday, August 8th. Twelve analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.21.

Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) opened at 4.82 on Tuesday. The stock’s market cap is $28.32 billion. Royal Bank of Scotland Group PLC has a 52-week low of $3.91 and a 52-week high of $9.43. The stock’s 50 day moving average is $4.76 and its 200 day moving average is $5.27.

Several hedge funds have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new stake in Royal Bank of Scotland Group PLC during the first quarter valued at approximately $109,000. Reliance Trust Co. of Delaware raised its stake in 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 valued at $102,000 after buying an additional 10,440 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in 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 valued at $114,000 after buying an additional 5,200 shares in the last quarter. Quantbot Technologies LP raised 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 valued at $164,000 after buying an additional 26,782 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Royal Bank of Scotland Group PLC during the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 0.32% 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.

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