Royal Bank Scotland PLC (The) (RBS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Royal Bank Scotland PLC (The) (NYSE:RBS) from a hold rating to a buy rating in a research note released on Tuesday, June 27th.

Several other analysts have also issued reports on the company. Natixis raised Royal Bank Scotland PLC (The) from a reduce rating to a buy rating in a report on Friday, March 17th. Investec raised Royal Bank Scotland PLC (The) from a sell rating to a hold rating in a report on Monday, March 27th. Keefe, Bruyette & Woods raised Royal Bank Scotland PLC (The) from a market perform rating to an outperform rating in a report on Friday, April 21st. Macquarie raised Royal Bank Scotland PLC (The) from a neutral rating to an outperform rating in a report on Friday, April 21st. Finally, J P Morgan Chase & Co raised Royal Bank Scotland PLC (The) from an underweight rating to a neutral rating in a report on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Royal Bank Scotland PLC (The) currently has an average rating of Hold and a consensus price target of $6.51.

Royal Bank Scotland PLC (NYSE:RBS) opened at 6.65 on Tuesday. The company’s market cap is $39.28 billion. The firm has a 50-day moving average price of $6.61 and a 200 day moving average price of $6.10. Royal Bank Scotland PLC has a 52 week low of $4.18 and a 52 week high of $7.06.

Royal Bank Scotland PLC (The) (NYSE:RBS) last released its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Royal Bank Scotland PLC (The) had a positive return on equity of 4.73% and a negative net margin of 35.72%. The business had revenue of $3.98 billion during the quarter. Analysts expect that Royal Bank Scotland PLC will post ($14.00) EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Royal Bank Scotland PLC (The) by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,332,105 shares of the financial services provider’s stock worth $20,226,000 after buying an additional 307,009 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $4,188,000. Karp Capital Management Corp purchased a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $2,866,000. World Asset Management Inc raised its position in shares of Royal Bank Scotland PLC (The) by 1.7% in the first quarter. World Asset Management Inc now owns 367,039 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 6,286 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Royal Bank Scotland PLC (The) by 1.3% in the first quarter. Comerica Bank now owns 343,344 shares of the financial services provider’s stock worth $2,245,000 after buying an additional 4,464 shares during the period. 0.42% of the stock is owned by institutional investors.

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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