Analysts Set Royal Bank Scotland PLC (The) (RBS) Price Target at $8.25

Royal Bank Scotland PLC (The) (NYSE:RBS) has received a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.25.

Several equities research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Royal Bank Scotland PLC (The) from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 5th. ValuEngine upgraded shares of Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Friday, September 29th. Citigroup Inc. upgraded shares of Royal Bank Scotland PLC (The) from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 10th. Finally, Credit Suisse Group upgraded shares of Royal Bank Scotland PLC (The) from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 10th.

Royal Bank Scotland PLC (NYSE RBS) traded down 0.95% during trading on Thursday, reaching $7.28. 461,632 shares of the company’s stock were exchanged. The company’s market cap is $43.17 billion. The stock’s 50-day moving average is $6.95 and its 200-day moving average is $6.65. Royal Bank Scotland PLC has a 12-month low of $4.19 and a 12-month high of $7.44.

Royal Bank Scotland PLC (The) (NYSE:RBS) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm 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%. Analysts predict that Royal Bank Scotland PLC will post ($14.00) EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Royal Bank Scotland PLC (The) in the second quarter valued at $102,000. Institute for Wealth Management LLC. purchased a new position in shares of Royal Bank Scotland PLC (The) in the second quarter valued at $103,000. Wetherby Asset Management Inc. grew its holdings 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 valued at $105,000 after purchasing an additional 3,159 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Royal Bank Scotland PLC (The) in the second quarter valued at $117,000. Finally, Grove Bank & Trust grew its holdings 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 valued at $128,000 after purchasing an additional 14,150 shares in the last quarter. 0.45% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Royal Bank Scotland PLC (The) (NYSE:RBS)

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