The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 507,436 shares traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 31.86% since March 8, 2016 and is downtrending. It has underperformed by 41.18% the S&P500.
The move comes after 6 months positive chart setup for the $25.54 billion company. It was reported on Oct, 11 by Barchart.com. We have $7.18 PT which if reached, will make NYSE:RBS worth $15.32B more.
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 $455.06M for 14.03 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. As per Wednesday, July 29, the company rating was maintained by Shore Capital. The company was maintained on Tuesday, August 4 by BNP Paribas. The company was downgraded on Monday, June 27 by Jefferies. The company was upgraded on Thursday, December 3 by Macquarie Research. The rating was downgraded by RBC Capital Markets on Monday, June 27 to “Underperform”. The rating was upgraded by Morgan Stanley on Wednesday, August 26 to “Equal-Weight”. Bernstein downgraded it to “Market Perform” rating and $6.56 target price in Thursday, March 10 report. The firm has “Sell” rating by Investec given on Monday, September 12. The company was maintained on Tuesday, August 4 by Investec. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) earned “Buy” rating by Investec on Wednesday, July 29.
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 Â£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: Seekingalpha.com which released: “RBS denies latest SME claims” on October 11, 2016, also Forbes.com published article titled: “Royal Bank of Scotland Group plc’s Preference Series S Shares Cross 6.5% Yield …”, Zacks.com published: “Royal Bank of Scotland to Restructure Business Operations” 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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