Royal Bank Scotland Stock Rating Upgraded by Investec (RBS)
Royal Bank Scotland (NYSE:RBS) was upgraded by research analysts at Investec from a “sell” rating to a “hold” rating in a report released on Tuesday, AnalystRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of Royal Bank Scotland from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, January 21st. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Royal Bank Scotland from a “neutral” rating to an “underweight” rating in a research note to investors on Tuesday, January 21st. Finally, analysts at RBC Capital downgraded shares of Royal Bank Scotland from a “sector perform” rating to an “underperform” rating in a research note to investors on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Royal Bank Scotland presently has a consensus rating of “Hold” and a consensus price target of $10.60.
Royal Bank Scotland (NYSE:RBS) traded up 2.95% during mid-day trading on Tuesday, hitting $11.53. 429,886 shares of the company’s stock traded hands. Royal Bank Scotland has a 52 week low of $8.12 and a 52 week high of $12.44. The stock has a 50-day moving average of $11.28 and a 200-day moving average of $11.01. The company’s market cap is $64.701 billion.
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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