Notable Runner: Royal Bank of Scotland Group PLC’s Stock Is Buy After Today’s Significant Increase

Notable Runner: Royal Bank of Scotland Group PLC's Stock Is Buy After Today's Significant Increase

The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 2.86 million shares traded hands or 47.42% up from the average. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 27.68% since April 1, 2016 and is downtrending. It has underperformed by 28.89% the S&P500.
The move comes after 8 months positive chart setup for the $28.28B company. It was reported on Nov, 3 by Barchart.com. We have $7.60 PT which if reached, will make NYSE:RBS worth $16.40B 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 $470.35M for 15.03 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. On Thursday, March 10 the stock rating was downgraded by Bernstein to “Market Perform”. BNP Paribas maintained the stock with “Neutral” rating in Tuesday, August 4 report. As per Thursday, February 11, the company rating was upgraded by JP Morgan. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) earned “Underperform” rating by RBC Capital Markets on Monday, June 27. BNP Paribas upgraded the stock to “Outperform” rating in Monday, November 2 report. Macquarie Research upgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Thursday, December 3 to “Neutral” rating. The rating was downgraded by Mediobanca to “Neutral” on Wednesday, July 6. The firm has “Underweight” rating by JP Morgan given on Monday, June 27. The rating was upgraded by Societe Generale on Wednesday, September 2 to “Hold”. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) has “Hold” rating given on Wednesday, July 29 by Shore Capital.

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.”

Another recent and important Royal Bank of Scotland Group PLC (NYSE:RBS) news was published by Bloomberg.com which published an article titled: “RBS Denies Deliberately Forcing Small Businesses to Collapse” on October 10, 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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