Rating On Watch: Royal Bank Of Scotland Group (LON:RBS) “Sell” Rating Reaffirmed by Analysts at Deutsche; With GBX 172.00 Target

November 24, 2016 - By Richard Conner

Royal Bank Of Scotland Group (LON:RBS) Rating

In a report revealed to investors on today, Deutsche reconfirmed their “Sell” rating on Royal Bank Of Scotland Group (LON:RBS)‘s stock. The target price per share means a potential downside of -15.44% from firm’s previous stock close.

Royal Bank of Scotland Group plc (LON:RBS) Ratings Coverage

Out of 24 analysts covering Royal Bank of Scotland Group The PLC (LON:RBS), 5 rate it a “Buy”, 8 “Sell”, while 11 “Hold”. This means 21% are positive. GBX 510 is the highest target while GBX 150 is the lowest. The GBX 238.70 average target is 17.41% above today’s (GBX 203.3) stock price. Royal Bank of Scotland Group The PLC has been the topic of 221 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Shore Capital on Friday, February 26 with “Buy”. As per Monday, August 8, the company rating was maintained by Societe Generale. The firm earned “Buy” rating on Tuesday, February 16 by Investec. Bernstein maintained it with “Outperform” rating and GBX 450 target price in Friday, December 4 report. The company was maintained on Friday, February 26 by Haitong Securities. The rating was maintained by Deutsche Bank on Friday, October 23 with “Hold”. BNP Paribas maintained the shares of RBS in a report on Thursday, September 22 with “Neutral” rating. The stock of Royal Bank of Scotland Group plc (LON:RBS) has “Sell” rating given on Friday, July 31 by Societe Generale. The firm has “Buy” rating by Jefferies given on Friday, April 29. As per Friday, February 26, the company rating was maintained by Investec.

About 2.79M shares traded hands. Royal Bank of Scotland Group plc (LON:RBS) has declined 18.78% since April 26, 2016 and is downtrending. It has underperformed by 24.19% the S&P500.

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 $177.71 million for 42.50 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.

The Royal Bank of Scotland Group plc is a banking and financial services company. The company has a market cap of 24.04 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.

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.”

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.

More news for Royal Bank of Scotland Group plc (LON:RBS) were recently published by: Nasdaq.com, which released: “Royal Bank of Scotland to Face $12B Fine for RMBS Scam” on November 21, 2016. Bloomberg.com‘s article titled: “RBS Sale Delay Leaves U.K. Facing $22.3 Billion Hole in Budget” and published on November 23, 2016 is yet another important article.

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