Royal Bank of Scotland Group PLC (NYSE:RBS) fell 2% during mid-day trading on Monday . The stock traded as low as $4.98 and last traded at $4.99, with a volume of 773,753 shares trading hands. The stock had previously closed at $5.09.

Several brokerages have issued reports on RBS. Wunderlich lowered shares of Royal Bank of Scotland Group PLC from a “buy” rating to a “hold” rating and set a $67.50 price target on the stock. in a research note on Thursday, April 21st. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, August 10th. Bank of America Corp. lowered shares of Royal Bank of Scotland Group PLC from a “neutral” rating to an “underperform” rating in a research note on Monday, June 27th. Royal Bank Of Canada lowered shares of Royal Bank of Scotland Group PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, June 27th. Finally, Societe Generale lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.61.

The company has a 50 day moving average of $4.85 and a 200 day moving average of $6.20. The company’s market capitalization is $29.29 billion.

An institutional investor recently raised its position in Royal Bank of Scotland Group PLC stock. Nationwide Fund Advisors increased its stake 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 (SEC). The fund 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 SEC filing.

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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