Royal Bank Scotland PLC (The) (NYSE:RBS) was upgraded by equities research analysts at HSBC Holdings plc from a “reduce” rating to a “hold” rating in a report released on Friday.

A number of other research firms also recently commented on RBS. Zacks Investment Research upgraded Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a report on Wednesday, June 14th. Investec upgraded Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Macquarie upgraded Royal Bank Scotland PLC (The) from a “neutral” rating to an “outperform” rating in a research note on Friday, April 21st. BidaskClub upgraded Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, ValuEngine upgraded Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Royal Bank Scotland PLC (The) presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Shares of Royal Bank Scotland PLC (NYSE RBS) traded up 0.60% during midday trading on Friday, hitting $6.74. The stock had a trading volume of 360,247 shares. The firm has a 50 day moving average price of $6.64 and a 200 day moving average price of $6.33. Royal Bank Scotland PLC has a one year low of $4.18 and a one year high of $7.06. The stock’s market cap is $39.96 billion.

Royal Bank Scotland PLC (The) (NYSE:RBS) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates 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 forecast that Royal Bank Scotland PLC will post ($14.00) earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of RBS. LMR Partners LLP acquired a new stake in Royal Bank Scotland PLC (The) during the first quarter valued at approximately $4,188,000. Karp Capital Management Corp acquired a new stake in Royal Bank Scotland PLC (The) during the first quarter valued at approximately $2,866,000. Dimensional Fund Advisors LP boosted its stake in 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 valued at $20,226,000 after buying an additional 307,009 shares in the last quarter. Aperio Group LLC boosted its stake in Royal Bank Scotland PLC (The) by 49.3% in the second quarter. Aperio Group LLC now owns 705,115 shares of the financial services provider’s stock valued at $4,604,000 after buying an additional 232,900 shares in the last quarter. Finally, Narwhal Capital Management boosted its stake in Royal Bank Scotland PLC (The) by 50.5% in the first quarter. Narwhal Capital Management now owns 139,515 shares of the financial services provider’s stock valued at $847,000 after buying an additional 46,800 shares in the last quarter. 0.43% of the stock is owned by institutional investors and hedge funds.

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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