Royal Bank Scotland PLC (The) (RBS) Earning Somewhat Positive Media Coverage, Study Shows

Media headlines about Royal Bank Scotland PLC (The) (NYSE:RBS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Royal Bank Scotland PLC (The) earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 43.3540983236707 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

PRESS DIGEST- British Business – Aug 16 (AB1, RY4B, MER, RBS) – Markets Insider (markets.businessinsider.com)
RBS ‘outperforming’ its restructuring plans says UBS as it ups price target – Proactive Investors UK (proactiveinvestors.co.uk)
RBS plans to cut 880 IT jobs by 2020, UK labor union says (finance.yahoo.com)
Royal Bank Scotland PLC (The) (RBS) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
The Royal Bank of Scotland is now in much better shape – Isle of Man Today (iomtoday.co.im)

Several equities research analysts have recently commented on RBS shares. Macquarie upgraded Royal Bank Scotland PLC (The) from a “neutral” rating to an “outperform” rating in a research note 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 note on Friday, April 21st. Investec lowered Royal Bank Scotland PLC (The) from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. ValuEngine lowered Royal Bank Scotland PLC (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.25.

Shares of Royal Bank Scotland PLC (NYSE:RBS) traded up 0.60% during mid-day trading on Friday, reaching $6.69. 852,963 shares of the company’s stock traded hands. The stock’s market capitalization is $39.67 billion. 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 price is $6.69 and its 200-day moving average price is $6.37.

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

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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.