Royal Bank Scotland plc (The) (RBS) : Traders are bullish on Royal Bank Scotland plc (The) (RBS) as it has outperformed the S&P 500 by a wide margin of 2.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.93% in the last 1 week, and is up 3.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 6.28%. Royal Bank Scotland plc (The) (NYSE:RBS): stock turned positive on Friday. Though the stock opened at $5.07, the bulls momentum made the stock top out at $5.11 level for the day. The stock recorded a low of $5.05 and closed the trading day at $5.09, in the green by 0.59%. The total traded volume for the day was 1,480,168. The stock had closed at $5.06 in the previous days trading.
Institutional Investors own 0.28% of Royal Bank Scotland plc (The) shares. Also, Macquarie downgrades its rating on Royal Bank Scotland plc (The) (NYSE:RBS). Analysts at the Macquarie have a current rating of Neutral on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 8, 2016.
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.