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Tuesday, September 29, 2020

Investor Confidence is Falling for The Royal Bank of Scotland Group plc (NYSE:RBS)

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The The Royal Bank of Scotland Group plc (RBS) shares are trading at lower $3.09.

To add more color to this target, the company’s high over the last year is $6.76 and the low is $2.40. Over the last 52 weeks, RBS is down -54.31% while the S&P 500 is down -0.87%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RBS reported a profit of $2.49 billion. The Royal Bank of Scotland Group plc also saw revenues increase to $3.44 billion. In addition, RBS has free cash flow of $0.0 as of 03-2020.

RBS booked profit margins of 24.00%, its Return on Equity (ROE) is 6.10%, and its Return on Assets is 0.40%. All told, it is clear that, RBS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RBS has a short ratio of 2.12 and outstanding shares of 6.04B.

Company Outlook

RBS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.57. Investors should also keep an eye on sector updates as RBS has historically followed its peers on positive news.

All told, The Royal Bank of Scotland Group plc RBS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RBS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Royal Bank of Scotland Group plc RBS is now commanding a market cap of 17.82B and a float of 2.30B. RBS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RBS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RBS, either long or short, and we have not been compensated for this article.

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