Technical Insights on Royal Bank of Scotland Group Plc (NYSE:RBS)

[Market Watch] Royal Bank of Scotland Group Plc (NYSE:RBS)(TREND ANALYSIS) is accelerating its plans to dismantle its investment banking franchise, with expectations that the firm will deliver as many as 14,000 pink slips in the group at the sprawling U.K. financial institution, according to the Financial Times report Tuesday. As RBS RBS, +0.00% mounts a steady retreat from one of the areas that rocked it during the heart of the 2008 financial crisis, the FT reports that the firm could cut as many as 80% of its investment banking team by 2019. The cuts aren’t a shocker. Earlier in the week, the bank said it planned on dismantling its global investment banking operations and exiting some 25 or more regions

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Royal Bank of Scotland Group Plc (NYSE:RBS) is currently trading 14.95% below its 52-week-high, 9.69% above its 52-week-low. The 12-months range for the stock is $9.8 – $12.64. Royal Bank of Scotland Group Pl (RBS) has a price to book ratio of 0.43 versus S&P 500 average of 2.48. RBS stock price has underperformed the S&P 500 by 10.7%. The company is currently valued at $61.48 billion and its share price closed the last trading session at $10.75. The stock has a 50-day moving average of $11.55 and a 200-day moving average of $11.7.

Royal Bank of Scotland Group Plc (RBS) current short interest stands at 1.07 million shares. It has decreased by 2% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.36 million shares, the number of days required to cover the short positions stand at 3 days.

There are currently twenty-six analysts that cover RBS stock. Of those twenty-six, three have a Buy rating, fourteen have a Hold rating and nine have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $376.96.

Company profile

The Royal Bank of Scotland Group plc, through its subsidiaries, offers banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom, the United States, and internationally. The company’s UK Retail segment offers banking products and related financial services to the personal market. Its UK Corporate segment provides banking, finance, and risk management services to the corporate and small and medium-sized enterprise sector. The company’s Wealth segment offers private banking and investment services, offshore banking, and international private banking services. Its Global Transaction Services segment provides transaction services, including payments, cash and liquidity management, trade finance, and commercial card products and services. The company’s Ulster Bank segment offers retail and business banking services in Ireland. Its US Retail & Commercial segment provides financial services primarily through the Citizens and Charter One brands. The company’s Global Banking & Markets segment offers debt and equity financing, risk management, and investment services. This segment also engages in the money markets, rates flow trading, currencies, equities, credit and mortgage markets, and portfolio management and origination businesses. Its RBS Insurance segment provides various general insurance products to consumers under the Direct Line, Churchill, and Privilege brand names, as well as offers insurance services for third party brands. The Royal Bank of Scotland Group plc provides its products and services through a network of branches, ATMs, and relationship managers, as well as telephone and Internet channels. The Royal Bank of Scotland Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.