Royal Bank of Scotland Group (NYSE:RBS) Research Coverage Started at Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Royal Bank of Scotland Group (NYSE:RBS) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upgraded Royal Bank of Scotland Group from an equal weight rating to an overweight rating in a report on Monday, December 16th. Citigroup cut Royal Bank of Scotland Group from a buy rating to a neutral rating in a report on Tuesday, December 17th. Barclays cut Royal Bank of Scotland Group from an equal weight rating to an underweight rating in a report on Tuesday, January 14th. Redburn Partners upgraded Royal Bank of Scotland Group from a sell rating to a neutral rating in a report on Wednesday, October 16th. Finally, Zacks Investment Research upgraded Royal Bank of Scotland Group from a strong sell rating to a hold rating in a report on Saturday, February 1st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Royal Bank of Scotland Group has a consensus rating of Hold and an average target price of $6.25.

Shares of NYSE RBS opened at $5.48 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 13.70 and a beta of 1.19. The stock’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $5.56. Royal Bank of Scotland Group has a 52-week low of $4.33 and a 52-week high of $7.31.

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Royal Bank of Scotland Group by 51.1% in the third quarter. Pacer Advisors Inc. now owns 12,001 shares of the financial services provider’s stock worth $61,000 after buying an additional 4,060 shares during the period. Virtu Financial LLC acquired a new stake in shares of Royal Bank of Scotland Group in the third quarter worth $66,000. FMR LLC boosted its position in shares of Royal Bank of Scotland Group by 908.5% in the fourth quarter. FMR LLC now owns 11,739 shares of the financial services provider’s stock worth $76,000 after buying an additional 10,575 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Royal Bank of Scotland Group by 20.6% in the third quarter. Checchi Capital Advisers LLC now owns 15,987 shares of the financial services provider’s stock worth $82,000 after buying an additional 2,729 shares during the period. Finally, Atria Investments LLC acquired a new stake in shares of Royal Bank of Scotland Group in the second quarter worth $84,000. 0.58% of the stock is owned by institutional investors and hedge funds.

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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