Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) were up 2.7% during mid-day trading on Thursday . The company traded as high as $4.27 and last traded at $4.15, with a volume of 3,250,363 shares trading hands. The stock had previously closed at $4.04.

A number of analysts recently issued reports on RBS shares. JPMorgan Chase & Co. cut Royal Bank of Scotland Group PLC from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Deutsche Bank AG reissued a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Saturday, April 23rd. Macquarie upgraded Royal Bank of Scotland Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday. BNP Paribas lowered Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Zacks Investment Research lowered Royal Bank of Scotland Group PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, April 14th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Royal Bank of Scotland Group PLC presently has a consensus rating of “Hold” and an average target price of $37.03.

The stock’s 50-day moving average is $6.16 and its 200 day moving average is $6.79. The stock’s market cap is $25.58 billion.

A number of institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Royal Bank of Scotland Group PLC by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,169,701 shares of the company’s stock worth $28,115,000 after buying an additional 255,723 shares during the last quarter. Comerica Bank raised its position in shares of Royal Bank of Scotland Group PLC by 86.1% in the fourth quarter. Comerica Bank now owns 314,935 shares of the company’s stock worth $2,570,000 after buying an additional 145,692 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Royal Bank of Scotland Group PLC by 4.2% in the fourth quarter. Nationwide Fund Advisors now owns 136,811 shares of the company’s stock worth $1,214,000 after buying an additional 5,506 shares during the last quarter.

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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