Stock of the Day: Will Royal Bank of Scotland Group PLC Go Down Anytime Soon?

Stock of the Day: Will Royal Bank of Scotland Group PLC Go Down Anytime Soon?

The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! The stock increased 3.56% or $0.16 during the last trading session, hitting $4.66. About 2.56M shares traded hands or 42.22% up from the average. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 28.57% since February 26, 2016 and is downtrending. It has underperformed by 39.00% the S&P500.
The move comes after 9 months positive chart setup for the $27.07B company. It was reported on Oct, 1 by Barchart.com. We have $6.85 PT which if reached, will make NYSE:RBS worth $12.72 billion more.

Analysts await Royal Bank of Scotland Group PLC (NYSE:RBS) to report earnings on November, 4. They expect $0.08 earnings per share, up 260.00% or $0.13 from last year’s $-0.05 per share. RBS’s profit will be $464.72 million for 14.56 P/E if the $0.08 EPS becomes a reality.

Royal Bank of Scotland Group PLC (NYSE:RBS) Ratings Coverage

Out of 14 analysts covering Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), 0 rate it a “Buy”, 6 “Sell”, while 8 “Hold”. This means 0 are positive. Royal Bank of Scotland Group plc (ADR) has been the topic of 20 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) earned “Underweight” rating by JP Morgan on Monday, June 27. The firm has “Neutral” rating given on Wednesday, July 6 by Mediobanca. The firm earned “Underperform” rating on Monday, June 27 by Bank of America. The company was upgraded on Wednesday, March 9 by Berenberg. The rating was maintained by Shore Capital on Wednesday, July 29 with “Hold”. The rating was downgraded by RBC Capital Markets to “Underperform” on Monday, June 27. The rating was downgraded by Bernstein on Thursday, March 10 to “Market Perform”. BNP Paribas downgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Monday, June 27 to “Neutral” rating. The firm has “Buy” rating by Investec given on Wednesday, July 29. On Monday, June 27 the stock rating was downgraded by Jefferies to “Hold”.

According to Zacks Investment Research, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.”

More important recent Royal Bank of Scotland Group PLC (NYSE:RBS) news were published by: Streetinsider.com which released: “Form 25-NSE ROYAL BANK OF SCOTLAND Filed by: NEW YORK STOCK EXCHANGE LLC” on August 09, 2013, also Forbes.com published article titled: “Royal Bank of Scotland Group plc’s Preference Series S Shares Cross 6.5% Yield …”, Bloomberg.com published: “U.K. Stocks Slide as Royal Bank of Scotland Leads Lenders Lower” on September 16, 2016. More interesting news about Royal Bank of Scotland Group PLC (NYSE:RBS) was released by: Seekingalpha.com and their article: “RBS resolves toxic mortgage case” with publication date: September 28, 2016.

RBS Company Profile

The Royal Bank of Scotland Group plc (RBS), incorporated on March 25, 1968, is a banking and financial services company. The Firm provides financial services and products to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts. The Company’s divisions include Personal & Business Banking (PBB), Commercial & Private Banking (CPB), Corporate & Institutional Banking (CIB), Capital Resolution, Williams & Glyn (W&G), and Central items & other. The Company’s businesses are focused on the United Kingdom and Ireland markets. Williams & Glyn consists of the RBS England and Wales branch businesses, along with certain small and medium enterprises (SME) and corporate activities across the United Kingdom.

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