Royal Bank Scotland plc (The) (RBS) : 3 analysts are covering Royal Bank Scotland plc (The) (RBS) and their average rating on the stock is 3.67, which is read as a Sell. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Royal Bank Scotland plc (The) (NYSE:RBS): The stock opened at $3.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.04 for the day. The stock traded down to $3.91 during the day, due to lack of any buying support eventually closed down at $4.04 with a loss of -5.39% for the day. The stock had closed at $4.27 on the previous day. The total traded volume was 11,310,755 shares.
Also, Brokerage firm JP Morgan downgrades its rating on Royal Bank Scotland plc (The) (NYSE:RBS). The shares have been rated Underweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have dropped -58.62% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $11.27 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $6.37 and the 200 Day Moving Average price is recorded at $6.87.
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.