Stock Mover of The Day: Royal Bank of Scotland Group PLC’s Trend Up, Especially After Today’s Strong Session

Stock Mover of The Day: Royal Bank of Scotland Group PLC's Trend Up, Especially After Today's Strong Session

The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 4.00 million shares traded hands or 103.05% up from the average. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 19.10% since April 8, 2016 and is downtrending. It has underperformed by 24.74% the S&P500.
The move comes after 5 months positive chart setup for the $30.95 billion company. It was reported on Nov, 10 by Barchart.com. We have $8.20 PT which if reached, will make NYSE:RBS worth $18.26B more.

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 Thursday, February 11 the stock rating was upgraded by JP Morgan to “Neutral”. The rating was upgraded by Macquarie Research to “Neutral” on Thursday, December 3. The rating was downgraded by BNP Paribas to “Neutral” on Monday, June 27. Bernstein downgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Thursday, March 10 to “Market Perform” rating. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) has “Buy” rating given on Tuesday, August 4 by Investec. The company was maintained on Tuesday, August 4 by BNP Paribas. The rating was upgraded by Societe Generale to “Hold” on Wednesday, September 2. The stock has “Reduce” rating given by Natixis on Monday, July 18. Jefferies downgraded the shares of RBS in a report on Monday, June 27 to “Hold” rating. As per Wednesday, March 9, the company rating was upgraded by Berenberg.

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.”

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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