Noteworthy Price Action: What’s Ahead for Royal Bank of Scotland Group PLC After Today’s Significant Decline?

Noteworthy Price Action: What's Ahead for Royal Bank of Scotland Group PLC After Today's Significant Decline?

The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! The stock decreased 4.76% or $0.23 during the last trading session, hitting $4.6. About 1.44 million shares traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 21.72% since April 4, 2016 and is downtrending. It has underperformed by 22.81% the S&P500.
The move comes after 9 months negative chart setup for the $26.94B company. It was reported on Nov, 4 by Barchart.com. We have $4.28 PT which if reached, will make NYSE:RBS worth $1.89 billion less.

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 firm earned “Neutral” rating on Tuesday, August 4 by BNP Paribas. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) has “Reduce” rating given on Monday, July 18 by Natixis. Societe Generale downgraded the shares of RBS in a report on Monday, June 27 to “Sell” rating. The stock has “Neutral” rating given by BNP Paribas on Monday, June 27. The rating was maintained by Investec on Wednesday, July 29 with “Buy”. The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) has “Underperform” rating given on Monday, June 27 by RBC Capital Markets. Bank of America downgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Monday, June 27 to “Underperform” rating. The rating was upgraded by Morgan Stanley on Wednesday, August 26 to “Equal-Weight”. Bernstein downgraded Royal Bank of Scotland Group PLC (NYSE:RBS) on Thursday, March 10 to “Market Perform” rating. The rating was maintained by Shore Capital with “Hold” 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 £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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