Royal Bank of Scotland Group PLC (RBS) Stock Price Up 1.1%
Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) rose 1.1% during mid-day trading on Wednesday . The company traded as high as $5.35 and last traded at $5.30, with a volume of 1,353,432 shares trading hands. The stock had previously closed at $5.24.
RBS has been the subject of a number of research reports. Goldman Sachs Group Inc. cut Royal Bank of Scotland Group PLC from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 8th. Natixis cut Royal Bank of Scotland Group PLC from a “neutral” rating to a “reduce” rating in a research report on Monday, July 18th. Mediobanca SpA reissued a “neutral” rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, July 6th. Zacks Investment Research raised Royal Bank of Scotland Group PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Investec reissued a “buy” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, August 26th. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.61.
The firm has a 50-day moving average of $5.02 and a 200-day moving average of $6.06. The firm’s market capitalization is $31.21 billion.
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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