BNP Paribas upgraded shares of Royal Bank Scotland PLC (The) (NYSE:RBS) from a neutral rating to an outperform rating in a research note released on Thursday morning, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on RBS. Jefferies Group LLC raised shares of Royal Bank Scotland PLC (The) from a hold rating to a buy rating in a research report on Wednesday, September 27th. Zacks Investment Research raised 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 report on Friday, September 29th. HSBC Holdings plc raised shares of Royal Bank Scotland PLC (The) from a reduce rating to a hold rating in a research report on Friday, August 11th. ValuEngine raised shares of Royal Bank Scotland PLC (The) from a buy rating to a strong-buy rating in a research report on Tuesday, October 3rd. 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $8.25.

Shares of Royal Bank Scotland PLC (RBS) opened at 7.20 on Thursday. The firm’s market capitalization is $42.69 billion. 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 $6.84 and a 200-day moving average of $6.60.

Royal Bank Scotland PLC (The) (NYSE:RBS) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.24 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 business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.10 billion. Equities analysts anticipate that Royal Bank Scotland PLC will post ($14.00) earnings per share for the current year.

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Several large investors have recently modified their holdings of RBS. LMR Partners LLP lifted 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 worth $8,172,000 after purchasing an additional 578,938 shares during the period. Dimensional Fund Advisors LP raised its stake in Royal Bank Scotland PLC (The) by 13.2% during the 2nd 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 stake in Royal Bank Scotland PLC (The) by 49.3% during the 2nd 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. Parametric Portfolio Associates LLC raised its stake in Royal Bank Scotland PLC (The) by 8.0% during the 2nd 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. Finally, Fisher Asset Management LLC bought a new stake in Royal Bank Scotland PLC (The) during the 2nd quarter worth approximately $267,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

About Royal Bank Scotland PLC (The)

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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