Royal Bank of Scotland (NYSE:RBS) Stock Upgrade
Macquarie boosted shares of Royal Bank of Scotland (NYSE:RBS) to a solid “Neutral” rating from the previous “Underperform”. This rather important change in rating was released in recent note today.
From a total of 1 analysts covering Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. Royal Bank of Scotland Group plc (ADR) was the topic of 7 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. BNP Paribas upgraded shares on November 2 to “Outperform” rating. Morgan Stanley upgraded RBS stock in a recent report from August 26 to “Equal-Weight” rating. Finally, Shore Capital maintained the stock with “Hold” rating in a report issued on a July 29.
Approximately 204,496 shares of stock traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 11.32% since April 30, 2015 and is downtrending. It has underperformed by 11.03% the S&P500.
The Royal Bank of Scotland Group plc provides financial services and products to personal, commercial, corporate and institutional customers. The company has a market cap of $53.46 billion. The Firm conducts its business through three franchises and seven operating divisions. It currently has negative earnings. The Company’s Personal & Business Banking (PBB) franchise consists of two divisions: UK Personal & Business Banking (UK PBB), including Williams & Glyn, and Ulster Bank.
According to Zacks Investment Research, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of #62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.” Get a free copy of the Zacks research report on Royal Bank of Scotland Group PLC (RBS).