Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) have been assigned an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.50.

A number of brokerages have issued reports on RBS. Zacks Investment Research upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Wednesday, March 27th. Morgan Stanley downgraded Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 11th. Finally, ValuEngine downgraded Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 10th.

Shares of RBS stock opened at $6.98 on Tuesday. The company has a market cap of $41.81 billion, a price-to-earnings ratio of 14.54 and a beta of 1.08. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.23. Royal Bank of Scotland Group has a 12-month low of $4.98 and a 12-month high of $8.14.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings results on Friday, February 15th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Royal Bank of Scotland Group had a return on equity of 5.21% and a net margin of 12.91%. On average, research analysts predict that Royal Bank of Scotland Group will post 0.82 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 22nd will be given a $0.1961 dividend. The ex-dividend date of this dividend is Thursday, March 21st. Royal Bank of Scotland Group’s dividend payout ratio (DPR) is presently 35.42%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBS. Bank of New York Mellon Corp lifted its position in shares of Royal Bank of Scotland Group by 210.4% in the third quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock valued at $34,850,000 after acquiring an additional 3,617,356 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Royal Bank of Scotland Group by 349.1% in the fourth quarter. Jane Street Group LLC now owns 1,472,631 shares of the financial services provider’s stock valued at $8,138,000 after acquiring an additional 1,144,699 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Royal Bank of Scotland Group by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,326,539 shares of the financial services provider’s stock valued at $24,185,000 after acquiring an additional 236,472 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Royal Bank of Scotland Group by 4.9% in the third quarter. Renaissance Technologies LLC now owns 4,435,000 shares of the financial services provider’s stock valued at $28,961,000 after acquiring an additional 205,600 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Royal Bank of Scotland Group by 41.6% in the third quarter. Clearbridge Investments LLC now owns 687,519 shares of the financial services provider’s stock valued at $4,489,000 after acquiring an additional 201,909 shares in the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

Royal Bank of Scotland Group Company Profile

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

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