Royal Bank Scotland PLC (The) (NYSE:RBS) was upgraded by BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued on Thursday.

Several other equities research analysts also recently issued reports on the stock. BidaskClub raised shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Royal Bank Of Canada raised shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “sector perform” rating in a research report on Monday, September 4th. ValuEngine downgraded shares of Royal Bank Scotland PLC (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America Corporation raised shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, September 22nd. Finally, Investec raised shares of Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.25.

Royal Bank Scotland PLC (NYSE:RBS) opened at 7.20 on Thursday. Royal Bank Scotland PLC has a 12-month low of $4.18 and a 12-month high of $7.37. The stock’s 50 day moving average is $6.84 and its 200 day moving average is $6.60. The stock’s market capitalization is $42.69 billion.

Royal Bank Scotland PLC (The) (NYSE:RBS) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.10 billion. Analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/bnp-paribas-upgrades-royal-bank-scotland-plc-the-rbs-to-outperform/1614511.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Royal Bank Scotland PLC (The) by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,992 shares of the financial services provider’s stock valued at $24,631,000 after purchasing an additional 439,887 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Royal Bank Scotland PLC (The) by 8.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,638,837 shares of the financial services provider’s stock valued at $10,702,000 after purchasing an additional 121,548 shares in the last quarter. LMR Partners LLP grew its position in Royal Bank Scotland PLC (The) by 83.9% in the second quarter. LMR Partners LLP now owns 1,268,938 shares of the financial services provider’s stock valued at $8,172,000 after purchasing an additional 578,938 shares in the last quarter. Aperio Group LLC grew its position in Royal Bank Scotland PLC (The) by 49.3% in the second quarter. Aperio Group LLC now owns 705,115 shares of the financial services provider’s stock valued at $4,604,000 after purchasing an additional 232,900 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Royal Bank Scotland PLC (The) by 17.5% in the second quarter. Stifel Financial Corp now owns 233,755 shares of the financial services provider’s stock valued at $1,527,000 after purchasing an additional 34,840 shares in the last quarter. 0.45% of the stock is owned by institutional investors and hedge funds.

Royal Bank Scotland PLC (The) Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

Analyst Recommendations for Royal Bank Scotland PLC (The) (NYSE:RBS)

Receive News & Ratings for Royal Bank Scotland PLC (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank Scotland PLC (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.