Royal Bank Scotland PLC (The) (NYSE:RBS) has received an average recommendation of “Hold” from the nineteen analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company.
Several brokerages recently weighed in on RBS. Zacks Investment Research cut Royal Bank Scotland PLC (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. HSBC Holdings plc raised Royal Bank Scotland PLC (The) from a “reduce” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub cut Royal Bank Scotland PLC (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine raised Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Investec raised Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th.
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Several hedge funds and other institutional investors have recently made changes to their positions in RBS. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth about $117,000. Cubist Systematic Strategies LLC acquired a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth about $102,000. Institute for Wealth Management LLC. acquired a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth about $103,000. Carnegie Capital Asset Management LLC acquired a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth about $180,000. Finally, Stifel Financial Corp increased its position in shares of Royal Bank Scotland PLC (The) by 17.5% in the second quarter. Stifel Financial Corp now owns 233,755 shares of the financial services provider’s stock worth $1,527,000 after buying an additional 34,840 shares during the last quarter. 0.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Royal Bank Scotland PLC (NYSE:RBS) opened at 6.59 on Wednesday. Royal Bank Scotland PLC has a 12-month low of $4.18 and a 12-month high of $7.06. The firm’s market capitalization is $39.08 billion. The stock has a 50 day moving average of $6.70 and a 200-day moving average of $6.39.
Royal Bank Scotland PLC (The) (NYSE:RBS) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations 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 research analysts predict that Royal Bank Scotland PLC will post ($14.00) EPS for the current fiscal year.
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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