Royal Bank Scotland PLC (The) (NYSE:RBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers. “

A number of other brokerages have also recently weighed in on RBS. Investec upgraded shares of Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Macquarie upgraded shares of Royal Bank Scotland PLC (The) from a “neutral” rating to an “outperform” rating in a report on Friday, April 21st. BidaskClub upgraded shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. ValuEngine upgraded shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Royal Bank Scotland PLC (The) from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Royal Bank Scotland PLC (NYSE:RBS) opened at 6.77 on Tuesday. The company’s market cap is $40.14 billion. Royal Bank Scotland PLC has a 12 month low of $4.18 and a 12 month high of $7.06. The company has a 50-day moving average of $6.67 and a 200 day moving average of $6.35.

Royal Bank Scotland PLC (The) (NYSE:RBS) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. 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 large investors have recently bought and sold shares of RBS. Cubist Systematic Strategies LLC purchased a new stake in Royal Bank Scotland PLC (The) during the second quarter worth approximately $102,000. Institute for Wealth Management LLC. bought a new position in shares of Royal Bank Scotland PLC (The) during the second quarter worth $103,000. Wetherby Asset Management Inc. increased its position in shares of Royal Bank Scotland PLC (The) by 24.4% in the second quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock worth $105,000 after buying an additional 3,159 shares during the period. Quantum Capital Management bought a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth $107,000. Finally, Grove Bank & Trust increased its position in shares of Royal Bank Scotland PLC (The) by 259.2% in the second quarter. Grove Bank & Trust now owns 19,610 shares of the financial services provider’s stock worth $128,000 after buying an additional 14,150 shares during the period. Hedge funds and other institutional investors own 0.43% 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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Analyst Recommendations for Royal Bank Scotland PLC (The) (NYSE:RBS)

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