Macquarie raised Royal Bank Scotland PLC (The) from a "neutral" rating to an "outperform" rating in a report on Friday, April 21st. Quantum Capital Management bought a new stake in shares of Royal Bank Scotland PLC (The) during the first quarter valued at about $107,000. HPM Partners LLC purchased a new stake in shares of Royal Bank Scotland PLC (The) during the first quarter valued at $166,000. Karp Capital Management Corp acquired a new position in shares of Royal Bank Scotland PLC (The) during the first quarter worth $2,866,000. Finally, Quantbot Technologies LP boosted its stake in shares of Royal Bank Scotland PLC (The) by 109.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,332,105 shares of the financial services provider's stock valued at $20,226,000 after buying an additional 307,009 shares during the period.
Media stories about Royal Bank Scotland PLC (The) (NYSE:RBS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The company had a trading volume of 19,135,671 shares. The company has a 50-day moving average of $6.65 and a 200 day moving average of $6.34. Royal Bank Scotland PLC has a 12 month low of $4.18 and a 12 month high of $7.06. The company's market capitalization is GBX 30.49 billion.
Royal Bank Scotland PLC (The) (NYSE:RBS) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.10. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.10 billion. Royal Bank of Scotland Group plc now has an average rating of "Hold" and a consensus price target of GBX 246.84 ($3.21).
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A number of other brokerages have also recently commented on RBS. J P Morgan Chase & Co reiterated a "neutral" rating and issued a GBX 230 ($3.03) price target on shares of Royal Bank of Scotland Group plc in a research note on Tuesday, May 2nd. Finally, ValuEngine raised shares of Royal Bank Scotland PLC (The) from a "sell" rating to a "hold" rating in a research note on Wednesday, June 14th. HSBC Holdings plc raised shares of Royal Bank Scotland PLC (The) from a "reduce" rating to a "hold" rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. HSBC Holdings plc's target price would indicate a potential downside of 2.76% from the company's current price.
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.