Credit Suisse Group AG began coverage on shares of Royal Bank of Scotland Group PLC (NYSE:RBS) in a research note published on Tuesday morning. The firm issued an underperform rating on the stock.

RBS has been the subject of several other reports. Investec reiterated a buy rating on shares of Royal Bank of Scotland Group PLC in a research note on Friday, August 26th. Deutsche Bank AG reiterated a sell rating on shares of Royal Bank of Scotland Group PLC in a research note on Friday, September 16th. Zacks Investment Research upgraded Royal Bank of Scotland Group PLC from a hold rating to a buy rating and set a $5.00 price target for the company in a research note on Wednesday, October 12th. Shore Capital reiterated a hold rating on shares of Royal Bank of Scotland Group PLC in a research note on Wednesday, September 28th. Finally, Exane BNP Paribas cut Royal Bank of Scotland Group PLC from a neutral rating to an underperform rating in a research note on Friday, November 18th. Twelve analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Royal Bank of Scotland Group PLC has an average rating of Hold and an average target price of $21.21.

Royal Bank of Scotland Group PLC (NYSE:RBS) opened at 4.91 on Tuesday. Royal Bank of Scotland Group PLC has a 12 month low of $3.91 and a 12 month high of $9.43. The firm has a 50-day moving average price of $4.76 and a 200-day moving average price of $5.27. The company’s market capitalization is $28.85 billion.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Royal Bank of Scotland Group PLC by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 117,200 shares of the company’s stock worth $546,000 after buying an additional 800 shares during the last quarter. Jane Street Group LLC bought a new stake in Royal Bank of Scotland Group PLC during the third quarter worth $4,731,000. Stevens Capital Management LP bought a new stake in Royal Bank of Scotland Group PLC during the third quarter worth $333,000. CIBC World Markets Inc. increased its stake in Royal Bank of Scotland Group PLC by 326.0% in the third quarter. CIBC World Markets Inc. now owns 510,153 shares of the company’s stock worth $2,377,000 after buying an additional 390,399 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Royal Bank of Scotland Group PLC by 5.1% 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 last quarter. Institutional investors own 0.32% of the company’s stock.

Royal Bank of Scotland Group PLC Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. 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.

5 Day Chart for NYSE:RBS

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