Royal Bank of Scotland Group PLC (NYSE:RBS) – Stock analysts at Jefferies Group dropped their FY2018 earnings per share estimates for shares of Royal Bank of Scotland Group PLC in a research note issued on Monday. Jefferies Group analyst J. Dickerson now forecasts that the firm will post earnings of $0.57 per share for the year, down from their previous estimate of $0.62. Jefferies Group has a “Hold” rating on the stock.

RBS has been the subject of a number of other research reports. Investec reissued a “buy” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, August 26th. Deutsche Bank AG reissued a “sell” rating on shares of Royal Bank of Scotland Group PLC in a research report on Friday, September 16th. Citigroup Inc. reissued a “sell” rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, August 31st. 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. Finally, BNP Paribas cut shares of Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Royal Bank of Scotland Group PLC has an average rating of “Hold” and an average target price of $26.61.

Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 1.04% during midday trading on Tuesday, hitting $4.87. 1,237,733 shares of the stock were exchanged. The stock’s market cap is $28.52 billion. Royal Bank of Scotland Group PLC has a 12 month low of $3.91 and a 12 month high of $10.26. The firm’s 50-day moving average is $5.11 and its 200-day moving average is $5.89.

Hedge funds have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC purchased a new stake in Royal Bank of Scotland Group PLC during the first quarter valued at approximately $109,000. Oxford Asset Management raised its stake in Royal Bank of Scotland Group PLC by 310.3% in the second quarter. Oxford Asset Management now owns 185,425 shares of the company’s stock valued at $871,000 after buying an additional 140,237 shares in the last quarter. Quantbot Technologies LP raised its stake in Royal Bank of Scotland Group PLC by 326.6% in the second quarter. Quantbot Technologies LP now owns 34,982 shares of the company’s stock valued at $164,000 after buying an additional 26,782 shares in the last quarter. World Asset Management Inc raised its stake in Royal Bank of Scotland Group PLC by 8.6% in the second quarter. World Asset Management Inc now owns 360,832 shares of the company’s stock valued at $1,696,000 after buying an additional 28,672 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in Royal Bank of Scotland Group PLC during the first quarter valued at approximately $216,000. Institutional investors own 0.34% of the company’s stock.

About Royal Bank of Scotland Group PLC

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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