Royal Bank of Scotland Group PLC (NYSE:RBS) shares 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 trading hands.

RBS has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Royal Bank of Scotland Group PLC from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Deutsche Bank AG restated a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research note on Saturday, April 23rd. Natixis downgraded Royal Bank of Scotland Group PLC from a “neutral” rating to a “reduce” rating in a research note on Monday, July 18th. Macquarie upgraded Royal Bank of Scotland Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 5th. Finally, BNP Paribas downgraded Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Royal Bank of Scotland Group PLC currently has an average rating of “Hold” and a consensus target price of $26.61.

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

An institutional investor recently raised its position in Royal Bank of Scotland Group PLC stock. Nationwide Fund Advisors boosted its position in Royal Bank of Scotland Group PLC (NYSE:RBS) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,811 shares of the company’s stock after buying an additional 5,506 shares during the period. Nationwide Fund Advisors’ holdings in Royal Bank of Scotland Group PLC were worth $1,214,000 as of its most recent filing with the SEC.

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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