Royal Bank of Scotland Group plc Stock Rating Lowered by Investec (RBS)

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Royal Bank of Scotland Group plc (NYSE:RBS) was downgraded by Investec from a “hold” rating to a “sell” rating in a research note issued on Monday.

Shares of Royal Bank of Scotland Group plc (NYSE:RBS) traded up 0.08% during mid-day trading on Monday, hitting $12.1601. The stock had a trading volume of 204,978 shares. Royal Bank of Scotland Group plc has a 52 week low of $9.80 and a 52 week high of $12.47. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $11.38. The company’s market cap is $69.215 billion.

Royal Bank of Scotland Group plc (NYSE:RBS) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.08.

A number of other firms have also recently commented on RBS. Analysts at Bank of America upgraded shares of Royal Bank of Scotland Group plc from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 22nd. Analysts at Zacks upgraded shares of Royal Bank of Scotland Group plc from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 21st. They now have a $13.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Royal Bank of Scotland Group plc has a consensus rating of “Hold” and a consensus price target of $13.00.

The Royal Bank of Scotland Group plc (NYSE:RBS) is a holding company of a global banking and financial services group.

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