Investec Downgrades Royal Bank of Scotland Group PLC to Sell

Brokerage firm Investec Downgrades its rating on Royal Bank of Scotland Group PLC(NYSE:RBS). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Investec was issued on Sep 12, 2016.

In a different note, On Aug 8, 2016, Macquarie said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Neutral’ by the firm. On Jul 18, 2016, Natixis said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Reduce’ by the firm. On Jul 6, 2016, Mediobanca Securities said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, JP Morgan said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Underweight’ by the firm. On Jun 27, 2016, BNP Praribas said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, RBC Capital said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Underperform’ by the firm.

Royal Bank of Scotland Group PLC (RBS) shares turned negative on Tuesdays trading session with the shares closing down -0.06 points or -1.24% at a volume of 12,07,392. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.84. The peak price level was also seen at $4.84 while the days lowest was $4.76. Finally the shares closed at $4.78. The 52-week high of the shares is $10.26 while the 52-week low is $3.91. According to the latest information available, the market cap of the company is $28,094 M.

The Royal Bank of Scotland Group plc (RBS) provides financial products and services to personal commercial corporate and institutional customers. The Company conducts its business through three franchises and seven operating segments. The Company’s Personal & Business Banking (PBB) franchise consists of two segments: UK Personal & Business Banking (UK PBB) including Williams & Glyn and Ulster Bank. The Commercial & Private Banking (CPB) franchise consists of two segments Commercial Banking and Private Banking. The Company’s other segments are Corporate & Institutional Banking (CIB) Central Functions and RBS Capital Resolution (RCR). RBS operates in the United Kingdom the United States and internationally through its principal subsidiaries The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest). Both the Royal Bank and NatWest are clearing banks in the United Kingdom.

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