Bank of America cut shares of Royal Bank of Scotland Group (NYSE:RBS) from a neutral rating to an underperform rating in a research note published on Tuesday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on RBS. Morgan Stanley upgraded shares of Royal Bank of Scotland Group from an equal weight rating to an overweight rating in a research note on Wednesday, January 10th. Sanford C. Bernstein lowered shares of Royal Bank of Scotland Group from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. Macquarie lowered shares of Royal Bank of Scotland Group from an outperform rating to a neutral rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Royal Bank of Scotland Group from a buy rating to a hold rating in a research note on Wednesday, November 29th. Finally, Citigroup upgraded shares of Royal Bank of Scotland Group from a sell rating to a neutral rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Royal Bank of Scotland Group presently has a consensus rating of Hold and a consensus price target of $8.25.

Royal Bank of Scotland Group (NYSE:RBS) remained flat at $$8.40 during trading on Tuesday. 485,542 shares of the stock were exchanged, compared to its average volume of 551,341. The company has a market capitalization of $50,251.17, a PE ratio of 11.05 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.82. Royal Bank of Scotland Group has a 52 week low of $5.41 and a 52 week high of $8.44.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Royal Bank of Scotland Group had a negative net margin of 17.46% and a positive return on equity of 7.75%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.19 billion. analysts anticipate that Royal Bank of Scotland Group will post 0.7 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Royal Bank of Scotland Group in the second quarter valued at approximately $102,000. Institute for Wealth Management LLC. purchased a new stake in shares of Royal Bank of Scotland Group in the 2nd quarter worth about $103,000. Raymond James Financial Services Advisors Inc. purchased a new position in Royal Bank of Scotland Group in the 2nd quarter valued at about $117,000. Quantbot Technologies LP lifted its holdings in shares of Royal Bank of Scotland Group by 109.5% during the 2nd quarter. Quantbot Technologies LP now owns 26,025 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 13,600 shares during the period. Finally, Carnegie Capital Asset Management LLC purchased a new position in shares of Royal Bank of Scotland Group during the 2nd quarter worth about $180,000. Institutional investors and hedge funds own 0.47% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Scotland Group (RBS) Downgraded to Underperform at Bank of America” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/01/20/royal-bank-of-scotland-group-rbs-downgraded-to-underperform-at-bank-of-america.html.

Royal Bank of Scotland Group Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

Receive News & Ratings for Royal Bank of Scotland Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Scotland Group and related companies with MarketBeat.com's FREE daily email newsletter.