Economy

Royal Bank Of Scotland Group Plc (NYSE:RBS) Analyst Recommendation

Royal Bank of Scotland Group plc was upgraded to "hold" by analysts at HSBC.

A number of investment brokers have recently updated their price targets on shares of Royal Bank of Scotland Group plc (NYSE:RBS). BidaskClub upgraded Royal Bank Scotland PLC (The) from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 8th. The company now has a consensus rating of "Hold" and a consensus price target of $7.25. Royal Bank of Scotland Group plc (LON:RBS) has 0.00% since September 10, 2016 and is. Royal Bank Scotland PLC has a 52 week low of $4.18 and a 52 week high of $7.06. The company's 50-day moving average price is $6.66 and its 200-day moving average price is $6.44. The stock's market capitalization is 38.54B.

Royal Bank of Scotland Group plc (RBS) opened at 244.40 on Monday. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

04/21/2017 - Royal Bank of Scotland Group plc was upgraded to "outperform" by analysts at Keefe, Bruyette & Woods. The business had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.10 billion.

Royal Bank of Scotland Group (NYSE:RBS) previously released its earnings report on early Fri, Aug 4th. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States & global trademark & copyright laws. The original version of this article can be accessed at https://stocknewstimes.com/2017/09/11/royal-bank-scotland-plc-the-rbs-cut-to-buy-at-valuengine.html.

Several hedge funds and other institutional investors have recently made changes to their positions in RBS. The stock of Royal Mail PLC (LON:RMG) has "Neutral" rating given on Monday, December 7 by UBS. Royal Bank Scotland PLC (The) earned a news impact score of 0.12 on Accern's scale. Institute for Wealth Management LLC. acquired a new position in Royal Bank Scotland PLC (The) during the 2nd quarter worth approximately $103,000. 3300 shares were traded during the last session. CIBC World Markets Inc. raised its position in shares of Royal Bank of Scotland Group PLC by 326.0% in the third quarter. Aperio Group LLC now owns 565,323 shares of the company's stock worth $2,634,000 after buying an additional 27,611 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Royal Bank Scotland PLC (The) by 8.0% during the 2nd quarter. Institutional investors own 0.46% of the company's stock.

Royal Bank of Scotland's finance chief has warned that credit card lenders face a crackdown on zero balance transfers as regulators weigh up how to combat poor consumer borrowing practices.

In this environment, the banks' earnings are likely to remain volatile, the report says, and "the costs associated with pending litigation and conduct reviews will affect the banks' profitability even after the assets have been sold".



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