Rating Worth Mentioning Today: Credit Suisse Reports Initiation of Royal Bank of Scotland Group The PLC (LON:RBS). Stock to Hit GBX 180.00

November 29, 2016 - By Louis Casey

Why Credit Suisse Gives Royal Bank of Scotland Group The PLC (LON:RBS) GBX 180.00 Price Target

Credit Suisse issued a Underperform rating on Royal Bank of Scotland Group The PLC (LON:RBS). The firm has initiated coverage on shares of RBS in a an analyst note revealed on Tuesday, 29 November. Credit Suisse’s TP means downside of -7.22% from the company’s last close price.

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. GBX 510 is the highest target while GBX 150 is the lowest. The GBX 236.88 average target is 22.04% above today’s (GBX 194.1) stock price. Royal Bank of Scotland Group The PLC has been the topic of 224 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Bernstein maintained Royal Bank of Scotland Group plc (LON:RBS) on Friday, January 15 with “Outperform” rating. The stock of Royal Bank of Scotland Group plc (LON:RBS) earned “Sell” rating by Deutsche Bank on Thursday, October 13. On Tuesday, August 4 the stock rating was maintained by BNP Paribas with “Neutral”. The rating was maintained by Investec on Tuesday, February 16 with “Buy”. Deutsche Bank maintained the stock with “Hold” rating in Friday, April 22 report. Jefferies maintained the shares of RBS in a report on Monday, April 11 with “Buy” rating. Shore Capital maintained the shares of RBS in a report on Wednesday, September 28 with “Hold” rating. The stock of Royal Bank of Scotland Group plc (LON:RBS) has “Outperform” rating given on Wednesday, April 20 by BNP Paribas. Investec maintained Royal Bank of Scotland Group plc (LON:RBS) on Wednesday, October 21 with “Buy” rating. Investec maintained Royal Bank of Scotland Group plc (LON:RBS) on Tuesday, August 4 with “Buy” rating.

About 3.99 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.

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 $174.83M for 40.17 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 22.95 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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