NatWest Group (OTCMKTS:RBSPF) Shares Gap Up on Strong Earnings

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $8.7850, but opened at $9.5150. NatWest Group shares last traded at $9.24, with a volume of 551 shares trading hands.

The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%.

Analyst Ratings Changes

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

NatWest Group Price Performance

The company’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $8.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $74.06 billion, a P/E ratio of 9.94 and a beta of 0.98.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.