Noteworthy Price Action: Royal Bank of Scotland Group PLC Declines A lot Today, Is Now One of The Worst Performer

Noteworthy Price Action: Royal Bank of Scotland Group PLC Declines A lot Today, Is Now One of The Worst Performer

The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 1.38M shares traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 28.27% since March 4, 2016 and is downtrending. It has underperformed by 36.31% the S&P500.
The move comes after 9 months negative chart setup for the $27.00B company. It was reported on Oct, 7 by Barchart.com. We have $4.25 PT which if reached, will make NYSE:RBS worth $1.89 billion less.

Analysts await Royal Bank of Scotland Group PLC (NYSE:RBS) to report earnings on November, 4. They expect $0.08 EPS, up 260.00% or $0.13 from last year’s $-0.05 per share. RBS’s profit will be $472.65M for 14.28 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. On Wednesday, September 2 the stock rating was upgraded by Societe Generale to “Hold”. The firm has “Neutral” rating by JP Morgan given on Thursday, February 11. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, August 26. As per Monday, June 27, the company rating was downgraded by Societe Generale. The stock has “Market Perform” rating given by Bernstein on Thursday, March 10. On Thursday, December 3 the stock rating was upgraded by Macquarie Research to “Neutral”. The firm earned “Outperform” rating on Monday, November 2 by BNP Paribas. BNP Paribas downgraded the stock to “Neutral” rating in Monday, June 27 report. The stock has “Reduce” rating given by Natixis on Monday, July 18. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) has “Underperform” rating given on Monday, June 27 by RBC Capital Markets.

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: Forbes.com which released: “Royal Bank of Scotland Group plc’s Preference Series S Shares Cross 6.5% Yield …” on September 13, 2016, also Nasdaq.com published article titled: “Royal Bank of Scotland to Restructure Business Operations”, Wsj.com published: “RBS to Pay $120 Million to Settle Connecticut Probe Tied to Mortgage Securities” on October 03, 2016. More interesting news about Royal Bank of Scotland Group PLC (NYSE:RBS) was released by: Bloomberg.com and their article: “U.K. Stocks Slide as Royal Bank of Scotland Leads Lenders Lower” with publication date: September 16, 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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