Stock Rating: Royal Bank Of Scotland Group (LON:RBS) Moves On Credit Suisse Initiation. How Much Its Worth?

November 29, 2016 - By Dolores Ford

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

London: Royal Bank Of Scotland Group (LON:RBS) coverage was was started with a “Underperform” rating and GBX 180.00 price target at Credit Suisse. Credit Suisse’s target price suggests downside of -8.63% from the company’s last 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 20.26% above today’s (GBX 196.98) 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. The rating was maintained by Deutsche Bank on Friday, September 25 with “Hold”. The firm has “Hold” rating given on Wednesday, March 30 by Berenberg. The firm earned “Buy” rating on Monday, September 7 by Jefferies. The firm has “Buy” rating given on Tuesday, August 9 by Goldman Sachs. The firm has “Buy” rating by Investec given on Friday, September 11. Wood maintained the shares of RBS in a report on Friday, July 24 with “Market Perform” rating. Morgan Stanley maintained it with “Overwt/In-Line” rating and GBX 350 target price in Wednesday, January 27 report. The company was maintained on Thursday, May 12 by JP Morgan. The stock of Royal Bank of Scotland Group plc (LON:RBS) has “Neutral” rating given on Wednesday, July 22 by Nomura. BNP Paribas maintained Royal Bank of Scotland Group plc (LON:RBS) rating on Monday, August 1. BNP Paribas has “Neutral” rating and GBX 200 price target.

The stock increased 0.40% or GBX 0.78 on November 29, hitting GBX 196.98. 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.

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.

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.

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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