Royal Bank of Scotland Group (RBS) Upgraded to “Buy” by Goldman Sachs Group

Royal Bank of Scotland Group (NYSE:RBS) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, September 12th, The Fly reports.

Several other equities research analysts have also issued reports on RBS. ValuEngine lowered Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Investec raised Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research raised Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 18th. UBS Group raised Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Friday, August 10th. Finally, Societe Generale raised Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.50.

Shares of Royal Bank of Scotland Group stock traded up $0.02 on Wednesday, hitting $6.61. 598,644 shares of the company’s stock traded hands, compared to its average volume of 855,984. The stock has a market cap of $39.07 billion, a P/E ratio of 10.17 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.98. Royal Bank of Scotland Group has a 52-week low of $6.13 and a 52-week high of $8.74.

Royal Bank of Scotland Group (NYSE:RBS) last released its earnings results on Friday, August 3rd. The financial services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Royal Bank of Scotland Group had a net margin of 8.05% and a return on equity of 6.09%. As a group, equities analysts predict that Royal Bank of Scotland Group will post 0.76 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. HPM Partners LLC increased its position in Royal Bank of Scotland Group by 45.7% in the second quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock worth $274,000 after buying an additional 12,624 shares during the period. Millennium Management LLC increased its position in Royal Bank of Scotland Group by 653.3% in the first quarter. Millennium Management LLC now owns 621,393 shares of the financial services provider’s stock worth $4,598,000 after buying an additional 538,909 shares during the period. Dimensional Fund Advisors LP increased its position in Royal Bank of Scotland Group by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,061,889 shares of the financial services provider’s stock worth $30,058,000 after buying an additional 203,114 shares during the period. Renaissance Technologies LLC increased its position in Royal Bank of Scotland Group by 8.4% in the second quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock worth $28,760,000 after buying an additional 329,100 shares during the period. Finally, Aperio Group LLC increased its position in Royal Bank of Scotland Group by 15.6% in the second quarter. Aperio Group LLC now owns 902,609 shares of the financial services provider’s stock worth $6,138,000 after buying an additional 121,593 shares during the period. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

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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