Royal Bank of Scotland Group (RBS) Sets New 1-Year Low at $5.42

Royal Bank of Scotland Group PLC (NYSE:RBS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.42 and last traded at $5.45, with a volume of 50713 shares. The stock had previously closed at $5.71.

RBS has been the topic of a number of research reports. Citigroup raised shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Monday, August 20th. UBS Group raised shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Friday, August 10th. Royal Bank of Canada raised shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 13th. Goldman Sachs Group raised shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Societe Generale raised shares of Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.50.

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $33.57 billion, a price-to-earnings ratio of 8.37 and a beta of 1.11.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings results on Friday, October 26th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.09). Royal Bank of Scotland Group had a net margin of 7.46% and a return on equity of 5.41%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Analysts predict that Royal Bank of Scotland Group PLC will post 0.81 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Lourd Capital LLC purchased a new position in Royal Bank of Scotland Group during the third quarter valued at approximately $115,000. Trexquant Investment LP purchased a new position in Royal Bank of Scotland Group during the third quarter valued at approximately $117,000. Janney Montgomery Scott LLC lifted its holdings in Royal Bank of Scotland Group by 47.3% during the third quarter. Janney Montgomery Scott LLC now owns 36,173 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 11,619 shares in the last quarter. HPM Partners LLC lifted its holdings in Royal Bank of Scotland Group by 45.7% during the second quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 12,624 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Royal Bank of Scotland Group by 38.5% during the third quarter. Crossmark Global Holdings Inc. now owns 141,291 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 39,285 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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Royal Bank of Scotland Group Company Profile (NYSE:RBS)

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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