Mediobanca Securities Downgrades Royal Bank of Scotland Group PLC to Neutral

Brokerage firm Mediobanca Securities Downgrades its rating on Royal Bank of Scotland Group PLC(NYSE:RBS). The shares have been rated Neutral. The rating by Mediobanca Securities was issued on Jul 6, 2016.

In a different note, 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. On Jun 27, 2016, Jefferies said it Downgrades its rating on Royal Bank of Scotland Group PLC. The shares have been rated ‘Hold’ by the firm.

Royal Bank of Scotland Group PLC (RBS) made into the market gainers list on Mondays trading session with the shares advancing 7.27% or 0.32 points. Due to strong positive momentum, the stock ended at $4.72, which is also near the day’s high of $4.73. The stock began the session at $4.63 and the volume stood at 58,27,794 shares. The 52-week high of the shares is $11.27 and the 52 week low is $3.91. The company has a current market capitalization of $27,520 M and it has 5,83,05,00,000 shares in outstanding.

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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