BidaskClub cut shares of Royal Bank Scotland PLC (The) (NYSE:RBS) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.
Several other analysts have also commented on RBS. Investec raised Royal Bank Scotland PLC (The) from a sell rating to a hold rating in a report on Monday, March 27th. 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. Macquarie upgraded Royal Bank Scotland PLC (The) from a neutral rating to an outperform rating in a research report on Friday, April 21st. Keefe, Bruyette & Woods upgraded Royal Bank Scotland PLC (The) from a market perform rating to an outperform rating in a research report on Friday, April 21st. Finally, ValuEngine downgraded Royal Bank Scotland PLC (The) from a hold rating to a sell rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $6.51.
Royal Bank Scotland PLC (RBS) traded down 0.61% on Wednesday, hitting $6.55. The stock had a trading volume of 531,651 shares. Royal Bank Scotland PLC has a 12 month low of $4.18 and a 12 month high of $7.06. The company’s 50 day moving average is $6.56 and its 200-day moving average is $6.21. The stock’s market cap is $38.69 billion.
Royal Bank Scotland PLC (The) (NYSE:RBS) last posted its earnings results on Friday, April 28th. The financial services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.98 billion for the quarter. Royal Bank Scotland PLC (The) had a positive return on equity of 4.73% and a negative net margin of 35.72%. Analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current year.
A number of institutional investors have recently made changes to their positions in the company. Quantum Capital Management bought a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $107,000. HPM Partners LLC bought a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $166,000. Toronto Dominion Bank bought a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $170,000. Stevens Capital Management LP bought a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth approximately $176,000. Finally, Fisher Asset Management LLC bought a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth approximately $267,000. Hedge funds and other institutional investors own 0.42% 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.
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