Company Shares of Royal Bank Scotland plc (The) Rally 6.93%

Stocks of Royal Bank Scotland plc (The) (NYSE:RBS) rallied by 6.93% during the past week but lost 4% on a 4-week basis. The company has outperformed the S&P 500 by 8.21% in the past week but underperformed the index by 4.88% in the last 4 weeks.

Royal Bank Scotland plc (The) (NYSE:RBS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.39 and $6.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.48, notching a gain of 5.02% for the day. The total traded volume was 2,247,149 . The stock had closed at $6.17 on the previous day.

The company shares have dropped -42.04% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $11.63 and the one year low was seen on Apr 7, 2016. The 50-Day Moving Average price is $6.57 and the 200 Day Moving Average price is recorded at $7.17.

Many analysts have stated their opinion on the company shares. Bernstein downgrades its view on Royal Bank Scotland plc (The) (NYSE:RBS) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Bernstein lowers the price target from $13.84 per share to $6.56 per share on Royal Bank Scotland plc (The). The rating by the firm was issued on March 10, 2016. Institutional Investors own 0.26% of Royal Bank Scotland plc (The) shares.

The Royal Bank of Scotland Group plc (RBS) provides financial products and services to personal, commercial, corporate and institutional customers. The Company conducts its business through three franchises and seven operating segments. The Companys Personal & Business Banking (PBB) franchise consists of two segments: UK Personal & Business Banking (UK PBB), including Williams & Glyn, and Ulster Bank. The Commercial & Private Banking (CPB) franchise consists of two segments, Commercial Banking and Private Banking. The Companys other segments are Corporate & Institutional Banking (CIB), Central Functions and RBS Capital Resolution (RCR). RBS operates in the United Kingdom, the United States and internationally through its principal subsidiaries, The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest). Both the Royal Bank and NatWest are clearing banks in the United Kingdom.

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