Royal Bank of Scotland Group plc (RBS) - Analysts' Weekly Ratings Changes

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Analyst Robin Down isn't exactly bullish though his increased price target is still below where shares are currently

Royal Bank Scotland PLC (The) (NYSE:RBS) last issued its quarterly earnings data on Friday, August 4th. 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. Shares are trading at $6.71 which is a tad above $6.64, the stock's 50 day moving average and which is quite a bit above the 200 day moving average of $6.33. Dimensional Fund Advisors LP raised its stake in shares of Royal Bank Scotland PLC (The) by 10.1% in the first quarter. The stock's market cap is GBX 30.86 billion. 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. On average, analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current year. Finally, ValuEngine lowered shares of Royal Bank Scotland PLC (The) from a "hold" rating to a "sell" rating in a report on Friday, June 2nd.

RBS has been the subject of a number of other reports.

In other news, insider Ross McEwan purchased 187,674 shares of the company's stock in a transaction dated Friday, May 12th. Royal Bank Scotland PLC (The) had a positive return on equity of 6.92% and a negative net margin of 23.27%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.10 billion. Institutional investors and hedge funds own 0.43% of the company's stock.

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Several equities research analysts have recently commented on the company. J P Morgan Chase & Co raised shares of Royal Bank Scotland PLC (The) from an "underweight" rating to a "neutral" rating in a report on Wednesday, April 19th. Macquarie upped their target price on shares of Royal Bank of Scotland Group plc from GBX 270 ($3.52) to GBX 290 ($3.78) and gave the stock an outperform rating in a report on Friday, May 5th. Aperio Group LLC's holdings in Royal Bank Scotland PLC (The) were worth $4,604,000 as of its most recent SEC filing. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company's stock. Royal Bank Scotland PLC (The) presently has an average rating of Hold and an average target price of $7.25. Finally, Zacks Investment Research lowered Royal Bank Scotland PLC (The) from a buy rating to a hold rating in a research report on Friday, June 23rd.

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company.

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company.

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