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

NatWest Group PLC (OTCMKTS:RBSPF) gapped up prior to trading on Thursday. The stock had previously closed at $8.63, but opened at $8.99. NatWest Group shares last traded at $8.99, with a volume of 162 shares.

Wall Street Analysts Forecast Growth

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

NatWest Group Price Performance

The business has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $8.54. The stock has a market cap of $66.10 billion, a PE ratio of 8.25 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 earnings results on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.

NatWest Group Company Profile

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.