Royal Bank Scotland PLC (The) (NYSE:RBS) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “sector perform” rating in a report on Monday, September 4th. Zacks Investment Research upgraded shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Friday. 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. 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. Finally, BidaskClub downgraded shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Bank Scotland PLC (The) has an average rating of “Hold” and a consensus target price of $8.25.

Shares of Royal Bank Scotland PLC (NYSE:RBS) traded up 0.83% on Tuesday, hitting $7.25. The company had a trading volume of 413,148 shares. Royal Bank Scotland PLC has a 12-month low of $4.18 and a 12-month high of $7.37. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $6.58. The firm’s market capitalization is $42.99 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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.10 billion. Royal Bank Scotland PLC (The) had a positive return on equity of 6.92% and a negative net margin of 23.27%. On average, equities analysts predict that Royal Bank Scotland PLC will post ($14.00) EPS for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Royal Bank Scotland PLC (The) during the 2nd quarter worth about $117,000. Cubist Systematic Strategies LLC bought a new position in Royal Bank Scotland PLC (The) in the 2nd quarter valued at about $102,000. Institute for Wealth Management LLC. bought a new position in Royal Bank Scotland PLC (The) in the 2nd quarter valued at about $103,000. Carnegie Capital Asset Management LLC bought a new position in Royal Bank Scotland PLC (The) in the 2nd quarter valued at about $180,000. Finally, Stifel Financial Corp raised its holdings in Royal Bank Scotland PLC (The) by 17.5% in the 2nd quarter. Stifel Financial Corp now owns 233,755 shares of the financial services provider’s stock valued at $1,527,000 after acquiring an additional 34,840 shares during the period. 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)

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