Royal Bank Scotland PLC (The) (NYSE:RBS) has earned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company.

A number of research analysts have weighed in on RBS shares. Zacks Investment Research raised shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Wednesday, June 14th. Investec raised shares of Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub raised shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. ValuEngine raised shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada raised shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “sector perform” rating in a research note on Monday, September 4th.

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A number of hedge funds have recently made changes to their positions in RBS. LMR Partners LLP bought a new stake in Royal Bank Scotland PLC (The) in the first quarter worth about $4,188,000. Karp Capital Management Corp bought a new stake in Royal Bank Scotland PLC (The) in the first quarter worth about $2,866,000. Dimensional Fund Advisors LP raised 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 worth $24,631,000 after acquiring an additional 439,887 shares during the period. Aperio Group LLC raised 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 worth $4,604,000 after acquiring an additional 232,900 shares during the period. Finally, Parametric Portfolio Associates LLC raised 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 worth $10,702,000 after acquiring an additional 121,548 shares during the period. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Royal Bank Scotland PLC (NYSE RBS) traded up 0.28% during midday trading on Friday, reaching $7.16. 657,151 shares of the company’s stock traded hands. The stock has a 50 day moving average of $6.69 and a 200-day moving average of $6.49. Royal Bank Scotland PLC has a 12 month low of $4.18 and a 12 month high of $7.18. The stock’s market cap is $42.46 billion.

Royal Bank Scotland PLC (The) (NYSE:RBS) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.10 billion. On average, equities research analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current fiscal year.

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)

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