NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shares gapped down before the market opened on Thursday. The stock had previously closed at $9.07, but opened at $8.4750. NatWest Group shares last traded at $8.64, with a volume of 1,277 shares.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

The firm’s fifty day moving average price is $9.25 and its 200 day moving average price is $8.50. The firm has a market cap of $69.41 billion, a P/E ratio of 8.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03.

NatWest Group (OTCMKTS:RBSPF) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.83 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company headquartered in Edinburgh, Scotland. The group provides banking, lending, savings, payments and investment-related services to individuals, families, businesses and institutional customers.

Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank. Personal banking services include current accounts, mortgages, personal loans, credit cards, savings products and digital banking. The group also provides private banking and wealth management services, along with financing, cash management, risk management and other banking solutions for small and medium-sized businesses, larger companies and institutional clients.

The company traces its history to several long-established UK banking institutions and operated as The Royal Bank of Scotland Group before adopting the NatWest Group name in 2020.