Royal Bank of Scotland Group (RBS) Shares Gap Down to $5.66
Royal Bank of Scotland Group PLC (NYSE:RBS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.63, but opened at $5.66. Royal Bank of Scotland Group shares last traded at $5.63, with a volume of 53996 shares changing hands.
Several brokerages have issued reports on RBS. Zacks Investment Research lowered Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine lowered Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Citigroup raised Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research note on Monday, August 20th. Macquarie upgraded Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 6th. Finally, Royal Bank of Canada upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Royal Bank of Scotland Group has an average rating of “Hold” and an average price target of $8.50.
The firm has a market cap of $33.87 billion, a P/E ratio of 8.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99.
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Royal Bank of Scotland Group Company Profile (NYSE:RBS)
The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.
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