Citigroup Inc. upgraded shares of Royal Bank Scotland PLC (The) (NYSE:RBS) from a sell rating to a neutral rating in a research report report published on Tuesday, MarketBeat reports.

Several other equities analysts have also recently weighed in on RBS. 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 objective on the stock in a research report on Friday, September 29th. Jefferies Group LLC upgraded shares of Royal Bank Scotland PLC (The) from a hold rating to a buy rating in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Royal Bank Scotland PLC (The) from a buy rating to a strong-buy rating in a research report on Tuesday, October 3rd. HSBC Holdings plc upgraded shares of Royal Bank Scotland PLC (The) from a reduce rating to a hold rating in a research report on Friday, August 11th. Finally, BNP Paribas upgraded shares of Royal Bank Scotland PLC (The) from a neutral rating to an outperform rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Royal Bank Scotland PLC (The) currently has an average rating of Hold and an average target price of $8.25.

Shares of Royal Bank Scotland PLC (NYSE RBS) traded up 1.3023% during midday trading on Tuesday, reaching $7.4052. The company’s stock had a trading volume of 174,404 shares. The stock’s 50 day moving average is $6.92 and its 200 day moving average is $6.64. The stock’s market capitalization is $43.91 billion. Royal Bank Scotland PLC has a 12 month low of $4.19 and a 12 month high of $7.44.

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, topping the 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 firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.10 billion. 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 bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $24,631,000 after acquiring an additional 439,887 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of 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 valued at $10,702,000 after acquiring an additional 121,548 shares in the last quarter. LMR Partners LLP grew its holdings in shares of Royal Bank Scotland PLC (The) by 83.9% during 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 acquiring an additional 578,938 shares in the last quarter. Aperio Group LLC grew its holdings in shares of 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 valued at $4,604,000 after acquiring an additional 232,900 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Royal Bank Scotland PLC (The) by 17.5% during 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 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.

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

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