Today’s Rating On Watch: Royal Bank of Scotland Group The PLC (LON:RBS) Stock Rating Kept at Goldman Sachs; The GBX 240.00 Target Indicates 17.56% Potential

November 25, 2016 - By Louis Casey

Royal Bank of Scotland Group The PLC (LON:RBS) Rating

London: In an analyst note shared with investors on Friday morning, Goldman Sachs maintained their “Buy” rating on shares of Royal Bank of Scotland Group The PLC (LON:RBS). They currently have a GBX 240.00 target price per share on the company. Goldman Sachs’s target suggests a potential upside of 17.56% from the company’s last close price.

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 239.35 average target is 17.33% above today’s (GBX 204) stock price. Royal Bank of Scotland Group The PLC has been the topic of 223 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, September 25 by Deutsche Bank. Macquarie Research maintained the stock with “Neutral” rating in Thursday, November 17 report. The rating was maintained by Societe Generale on Monday, August 8 with “Sell”. As per Tuesday, February 23, the company rating was maintained by Deutsche Bank. Nomura maintained Royal Bank of Scotland Group plc (LON:RBS) on Friday, October 2 with “Neutral” rating. BNP Paribas maintained Royal Bank of Scotland Group plc (LON:RBS) on Thursday, February 4 with “Outperform” rating. The rating was maintained by Nomura on Friday, March 18 with “Neutral”. Nomura maintained Royal Bank of Scotland Group plc (LON:RBS) rating on Thursday, November 12. Nomura has “Neutral” rating and GBX 350 price target. As per Monday, November 2, the company rating was maintained by Barclays Capital. The stock of Royal Bank of Scotland Group plc (LON:RBS) earned “Hold” rating by Deutsche Bank on Wednesday, July 20.

About 2.66 million shares traded hands. Royal Bank of Scotland Group plc (LON:RBS) has declined 19.40% since April 27, 2016 and is downtrending. It has underperformed by 24.81% the S&P500.

Analysts await Royal Bank of Scotland Group PLC (NYSE:RBS) to report earnings on February, 24. They expect $0.03 EPS, down 81.25% or $0.13 from last year’s $0.16 per share. RBS’s profit will be $174.24M for 42.50 P/E if the $0.03 EPS becomes a reality. After $0.10 actual EPS 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 24.12 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.

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.

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