The stock of Royal Bank of Scotland Group PLC (NYSE:RBS) is a huge mover today! About 362,551 shares traded hands. Royal Bank of Scotland Group PLC (NYSE:RBS) has declined 34.86% since April 26, 2016 and is downtrending. It has underperformed by 40.12% the S&P500.
The move comes after 6 months positive chart setup for the $28.22B company. It was reported on Nov, 29 by Barchart.com. We have $5.20 PT which if reached, will make NYSE:RBS worth $1.69B more.
Analysts await Royal Bank of Scotland Group PLC (NYSE:RBS) to report earnings on February, 24. They expect $0.03 earnings per share, down 81.25% or $0.13 from last year’s $0.16 per share. RBS’s profit will be $172.42M for 40.92 P/E if the $0.03 EPS becomes a reality. After $0.10 actual earnings per share reported by Royal Bank of Scotland Group PLC for the previous quarter, Wall Street now forecasts -70.00% negative EPS growth.
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. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, August 26 report. The firm has “Neutral” rating given on Monday, June 27 by BNP Paribas. Investec downgraded the stock to “Sell” rating in Monday, September 12 report. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, June 27 report. The company was maintained on Tuesday, August 4 by Investec. The firm earned “Neutral” rating on Wednesday, July 6 by Mediobanca. On Wednesday, March 9 the stock rating was upgraded by Berenberg to “Hold”. The firm has “Reduce” rating given on Monday, July 18 by Natixis. The stock has “Outperform” rating given by BNP Paribas on Monday, November 2. The stock has “Hold” rating given by Shore Capital 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 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.”
Another recent and important Royal Bank of Scotland Group PLC (NYSE: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.
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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