Shares of Royal Bank Scotland PLC (The) (NYSE:RBS) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company.

A number of brokerages have recently weighed in on RBS. Zacks Investment Research cut shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. ValuEngine cut shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. HSBC Holdings plc upgraded shares of Royal Bank Scotland PLC (The) from a “reduce” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada upgraded shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “sector perform” rating in a research note on Monday, September 4th.

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in Royal Bank Scotland PLC (The) during the 2nd quarter valued at about $102,000. Institute for Wealth Management LLC. acquired a new position in Royal Bank Scotland PLC (The) during the 2nd quarter valued at about $103,000. Wetherby Asset Management Inc. lifted its position in Royal Bank Scotland PLC (The) by 24.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 3,159 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Royal Bank Scotland PLC (The) during the 2nd quarter valued at about $117,000. Finally, Grove Bank & Trust lifted its position in Royal Bank Scotland PLC (The) by 259.2% during the 2nd quarter. Grove Bank & Trust now owns 19,610 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 14,150 shares during the period. 0.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Royal Bank Scotland PLC (NYSE:RBS) opened at 6.90 on Friday. 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 $40.91 billion. The company’s 50-day moving average is $6.67 and its 200-day moving average is $6.46.

Royal Bank Scotland PLC (The) (NYSE:RBS) last issued 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. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.10 billion. 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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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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