June 27, 2016

JPMorgan Downgrades Royal Bank of Scotland Group PLC (RBS)


Royal Bank of Scotland Group PLC (NYSE:RBS) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Monday, The Fly reports.

RBS has been the topic of a number of other reports. Deutsche Bank reiterated a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Monday, March 14th. Goldman Sachs upgraded Royal Bank of Scotland Group PLC from a “neutral” rating to a “conviction-buy” rating in a research report on Tuesday, March 15th. Sanford C. Bernstein cut Royal Bank of Scotland Group PLC from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $13.84 to $6.56 in a research report on Thursday, March 10th. Wunderlich cut Royal Bank of Scotland Group PLC from a “buy” rating to a “hold” rating and set a $67.50 price target on the stock. in a research report on Thursday, April 21st. Finally, Zacks Investment Research cut Royal Bank of Scotland Group PLC from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 14th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.03.