The stock of Royal Bank of Scotland Group plc (LON:RBS) is a huge mover today! The stock increased 0.38% or GBX 0.75 on November 29, hitting GBX 196.95. About 14.89 million shares traded hands. Royal Bank of Scotland Group plc (LON:RBS) has declined 14.70% since April 29, 2016 and is downtrending. It has underperformed by 19.96% the S&P500.
The move comes after 9 months negative chart setup for the GBX 23.29 billion company. It was reported on Nov, 29 by Barchart.com. We have GBX 179.22 PT which if reached, will make LON:RBS worth GBX 2.10B less.
Royal Bank of Scotland Group plc (LON:RBS) Ratings Coverage
Out of 25 analysts covering Royal Bank of Scotland Group The PLC (LON:RBS), 5 rate it a “Buy”, 9 “Sell”, while 11 “Hold”. This means 20% are positive. Royal Bank of Scotland Group The PLC has been the topic of 224 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was maintained by RBC Capital Markets with “Underperform”. The rating was maintained by Deutsche Bank on Tuesday, February 23 with “Hold”. Berenberg maintained the stock with “Sell” rating in Wednesday, November 25 report. Deutsche Bank maintained it with “Hold” rating and GBX 349 target price in Friday, February 19 report. The stock of Royal Bank of Scotland Group plc (LON:RBS) earned “Neutral” rating by Haitong Securities on Friday, April 29. The stock has “Outperform” rating given by BNP Paribas on Tuesday, February 9. As per Tuesday, May 3, the company rating was maintained by JP Morgan. The firm has “Hold” rating given on Thursday, June 16 by Deutsche Bank. The firm earned “Market Perform” rating on Wednesday, March 16 by Wood. JP Morgan maintained Royal Bank of Scotland Group plc (LON:RBS) on Monday, November 2 with “Neutral” rating.
Another recent and important Royal Bank of Scotland Group plc (LON:RBS) news was published by Nasdaq.com which published an article titled: “Royal Bank of Scotland to Face $12B Fine for RMBS Scam” on November 21, 2016.
The Royal Bank of Scotland Group plc is a banking and financial services company. The company has a market cap of 23.29 billion GBP. 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. It currently has negative earnings. 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.
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