Royal Bank Scotland (NYSE:RBS) was downgraded by research analysts at Investec from a “buy” rating to a “hold” rating in a report released on Friday, Stock Ratings Network reports.
Shares of Royal Bank Scotland (NYSE: RBS) traded up 0.98% during mid-day trading on Friday, hitting $10.32. Royal Bank Scotland has a one year low of $6.01 and a one year high of $11.84. The stock’s 50-day moving average is currently $9.4. The company’s market cap is $57.436 billion.
A number of other analysts have also recently weighed in on RBS. Analysts at Goldman Sachs Group Inc. upgraded shares of Royal Bank Scotland from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, July 9th. Separately, analysts at Zacks downgraded shares of Royal Bank Scotland to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $9.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Royal Bank Scotland in a research note to investors on Friday, June 14th. They set a “buy” rating on the stock.
Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.76.
The Royal Bank of Scotland Group plc (NYSE: RBS) is a holding company of a global banking and financial services group.