Royal Bank Scotland PLC (The) (RBS) Downgraded to Buy at ValuEngine

Cornelia Mascio
Settembre 17, 2017

Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable.

Royal Bank Scotland PLC (The) (NYSE:RBS) last posted its earnings results on Friday, August 4th. The firm presently has an "underweight" rating on the financial services provider's stock.

Royal Bank of Scotland Group plc (LON:RBS)'s share price was up 1.5% during mid-day trading on Thursday.

The stock's 50-day moving average price is GBX 253.56 and its 200-day moving average price is GBX 250.53. The stock's market capitalization is GBX 28.27 billion. 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 (LON:RBS) had its price objective upped by equities research analysts at J P Morgan Chase & Co from GBX 185 ($2.31) to GBX 210 ($2.62) in a research note issued on Monday. Zacks Investment Research raised shares of Royal Bank Scotland PLC (The) from a "hold" rating to a "buy" rating and set a $7.25 target price for the company in a research report on Wednesday, June 21st.

With a total market value of $0, Royal Bank of Scotland Group PLC has with a one year low of $4.18 and a one year high of $7.06. (The) reissued a "neutral" rating and issued a GBX 285 ($3.68) price target on shares of Royal Bank of Scotland Group plc in a report on Friday, June 9th. Barclays PLC reissued an "underweight" rating on shares of Royal Bank of Scotland Group plc in a research note on Thursday, December 1st.

A total of 1 equity analyst has released a research note on RBS. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $951.98. The company now has a consensus rating of "Hold" and a consensus price target of $7.25.

ILLEGAL ACTIVITY WARNING: "Royal Bank of Scotland Group plc (RBS) Trading Up 1.5%" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. 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.

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

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