Royal Bank of Scotland Group PLC (NYSE:RBS) gapped up prior to trading on Friday . The stock had previously closed at $4.91, but opened at $4.96. Royal Bank of Scotland Group PLC shares last traded at $5.08, with a volume of 1,874,594 shares traded.

Several equities research analysts have recently commented on RBS shares. JPMorgan Chase & Co. cut shares of 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 reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Saturday, April 23rd. Natixis cut shares of Royal Bank of Scotland Group PLC from a “neutral” rating to a “reduce” rating in a research report on Monday, July 18th. Macquarie raised shares of Royal Bank of Scotland Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 5th. Finally, BNP Paribas cut shares of Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.61.

The stock’s market capitalization is $29.64 billion. The firm’s 50 day moving average price is $5.32 and its 200-day moving average price is $6.41.

An institutional investor recently raised its position in Royal Bank of Scotland Group PLC stock. Comerica Bank increased its position in Royal Bank of Scotland Group PLC (NYSE:RBS) by 86.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 314,935 shares of the company’s stock after buying an additional 145,692 shares during the period. Comerica Bank’s holdings in Royal Bank of Scotland Group PLC were worth $2,570,000 at the end of the most recent reporting period.

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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