Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 3.6% during mid-day trading on Thursday . The stock traded as high as $4.93 and last traded at $4.89, with a volume of 1,999,233 shares trading hands. The stock had previously closed at $4.72.

Several analysts have recently issued reports on the stock. Societe Generale reissued a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, June 17th. Zacks Investment Research lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research report on Thursday, June 30th. Deutsche Bank AG reissued a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, June 17th. Jefferies Group lowered shares of Royal Bank of Scotland Group PLC from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Finally, Royal Bank Of Canada lowered shares of Royal Bank of Scotland Group PLC from an “outperform” rating to an “underperform” rating in a research report on Monday, June 27th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.03.

The company’s market capitalization is $28.60 billion. The company has a 50-day moving average price of $5.97 and a 200-day moving average price of $6.70.

Several hedge funds recently made changes to their positions in RBS. Dimensional Fund Advisors LP increased its stake 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 increased its position in 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 increased its position in 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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