ValuEngine upgraded shares of Royal Bank Scotland PLC (The) (NYSE:RBS) from a buy rating to a strong-buy rating in a report issued on Tuesday.

RBS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Royal Bank Scotland PLC (The) from a hold rating to a buy rating and set a $8.25 target price on the stock in a research note on Friday, September 29th. Bank of America Corporation upgraded shares of Royal Bank Scotland PLC (The) from an underperform rating to a neutral rating in a research note on Friday, September 22nd. Jefferies Group LLC upgraded shares of Royal Bank Scotland PLC (The) from a hold rating to a buy rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Royal Bank Scotland PLC (The) from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Finally, HSBC Holdings plc upgraded shares of Royal Bank Scotland PLC (The) from a reduce rating to a hold rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Royal Bank Scotland PLC (The) presently has an average rating of Hold and a consensus price target of $8.25.

Shares of Royal Bank Scotland PLC (NYSE RBS) opened at 7.27 on Tuesday. Royal Bank Scotland PLC has a 1-year low of $4.18 and a 1-year high of $7.37. The firm’s market capitalization is $43.11 billion. The firm has a 50-day moving average price of $6.83 and a 200-day moving average price of $6.59.

Royal Bank Scotland PLC (The) (NYSE:RBS) last posted 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. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. On average, analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Royal Bank Scotland PLC (The) by 13.2% in the 2nd 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 raised its stake in shares of Royal Bank Scotland PLC (The) by 8.0% in the 2nd 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 raised its stake in shares of Royal Bank Scotland PLC (The) by 83.9% in the 2nd 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 raised its stake in shares of Royal Bank Scotland PLC (The) by 49.3% in the 2nd 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, Comerica Bank raised its stake in shares of Royal Bank Scotland PLC (The) by 1.3% in the 1st quarter. Comerica Bank now owns 343,344 shares of the financial services provider’s stock valued at $2,245,000 after purchasing an additional 4,464 shares in the last quarter. Institutional investors and hedge funds own 0.45% of the company’s stock.

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.

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

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