The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 1.36M shares traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 37.03% since March 15, 2016 and is downtrending. It has underperformed by 42.52% the S&P500.
The move comes after 9 months positive chart setup for the $25.29 billion company. It was reported on Oct, 18 by Barchart.com. We have $5.64 PT which if reached, will make NYSE:RBS worth $7.08 billion 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 $458.78M for 13.78 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 rating was maintained by Investec with “Buy” on Tuesday, August 4. JP Morgan downgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Monday, June 27 to “Underweight” rating. The rating was maintained by Shore Capital with “Hold” on Wednesday, July 29. The stock has “Buy” rating given by Investec on Wednesday, July 29. As per Monday, June 27, the company rating was downgraded by Bank of America. The rating was upgraded by BNP Paribas to “Outperform” on Monday, November 2. The firm has “Neutral” rating by BNP Paribas given on Tuesday, August 4. The firm earned “Neutral” rating on Thursday, December 3 by Macquarie Research. The company was downgraded on Monday, September 12 by Investec. The firm has “Hold” rating by Societe Generale given on Wednesday, September 2.
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 news for Royal Bank of Scotland Group PLC (NYSE:RBS) were recently published by: Benzinga.com, which released: “Top Performing Industries For October 18, 2016” on October 18, 2016. Bloomberg.com‘s article titled: “TPG’s Bonderman Joins U.S. Financiers Taking on Big U.K. Banks” and published on October 17, 2016 is yet another important article.
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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