Royal Bank of Scotland Group (NYSE:RBS) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, FirstToMarketsRatingsTable reports.

RBS has been the subject of several other reports. Zacks Investment Research raised Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. Morgan Stanley downgraded Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 11th. Finally, ValuEngine raised Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $7.50.

NYSE RBS opened at $6.90 on Thursday. Royal Bank of Scotland Group has a one year low of $4.98 and a one year high of $8.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $41.57 billion, a P/E ratio of 14.38 and a beta of 1.08.

Royal Bank of Scotland Group (NYSE:RBS) last posted its quarterly earnings data on Friday, February 15th. The financial services provider reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.09). Royal Bank of Scotland Group had a net margin of 12.91% and a return on equity of 5.21%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4.29 billion. On average, sell-side analysts forecast that Royal Bank of Scotland Group will post 0.82 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of RBS. Bank of New York Mellon Corp increased its stake in shares of Royal Bank of Scotland Group by 210.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock worth $34,850,000 after acquiring an additional 3,617,356 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Royal Bank of Scotland Group by 349.1% in the 4th quarter. Jane Street Group LLC now owns 1,472,631 shares of the financial services provider’s stock worth $8,138,000 after acquiring an additional 1,144,699 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Royal Bank of Scotland Group by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,326,539 shares of the financial services provider’s stock worth $24,185,000 after acquiring an additional 236,472 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Royal Bank of Scotland Group by 4.9% in the 3rd quarter. Renaissance Technologies LLC now owns 4,435,000 shares of the financial services provider’s stock worth $28,961,000 after acquiring an additional 205,600 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Royal Bank of Scotland Group by 41.6% in the 3rd quarter. Clearbridge Investments LLC now owns 687,519 shares of the financial services provider’s stock worth $4,489,000 after acquiring an additional 201,909 shares during the last quarter. 0.55% of the stock is owned by institutional investors and hedge funds.

About Royal Bank of Scotland Group

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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