HSBC Upgrades Rating On Royal Bank of Scotland Group Pl (RBS)

Cornelia Mascio
Agosto 13, 2017

Royal Bank of Scotland Group plc (LON:RBS) was upgraded by investment analysts at HSBC Holdings plc from a "reduce" rating to a "hold" rating in a research note issued on Friday. Wetherby Asset Management Inc. now owns 16,099 shares of the financial services provider's stock valued at $105,000 after buying an additional 3,159 shares in the last quarter. Analysts forecast that Royal Bank Scotland PLC will post ($14.00) EPS for the current year.

RBS has been the topic of several other research reports. Quantum Capital Management bought a new stake in shares of Royal Bank Scotland PLC (The) during the first quarter valued at about $107,000. Karp Capital Management Corp purchased a new stake in shares of Royal Bank Scotland PLC (The) during the first quarter valued at $2,866,000. Finally, Two Sigma Securities LLC raised its stake in shares of Royal Bank Scotland PLC (The) by 240.6% in the first quarter.

Several hedge funds have recently made changes to their positions in RBS.

Shares of Royal Bank Scotland PLC (NYSE RBS) traded up 0.60% during trading on Friday, reaching $6.74. The company had a trading volume of 19,135,671 shares. The stock's market cap is GBX 30.86 billion. The company's 50 day moving average price is GBX 253.45 and its 200-day moving average price is GBX 247.63. Royal Bank Scotland PLC has a 52-week low of $4.18 and a 52-week high of $7.06.

Royal Bank of Scotland Group Pl (NYSE:RBS). The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.10 billion.

Royal Bank of Scotland Group plc had its "neutral" rating reaffirmed by analysts at BNP Paribas.

7/5/2017 - Royal Bank of Scotland Group plc had its "hold" rating reaffirmed by analysts at Jefferies Group LLC.

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6/7/2017 - Royal Bank of Scotland Group plc was upgraded by analysts at Investec to a "hold" rating. ValuEngine lowered Royal Bank Scotland PLC (The) from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. reiterated a "sell" rating on shares of Royal Bank of Scotland Group plc in a research report on Friday, July 21st. Aperio Group LLC's holdings in Royal Bank Scotland PLC (The) were worth $4,604,000 as of its most recent SEC filing. Royal Bank of Scotland Group PLC has recorded a 50-day average of $6.64 and a two hundred day average of $6.33. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock.

Royal Bank of Scotland Group plc (LON:RBS) opened at 257.10 on Friday. 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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