NatWest Group (OTCMKTS:RBSPF) Sees Unusually-High Trading Volume – Time to Buy?

NatWest Group PLC (OTCMKTS:RBSPF) shares saw unusually-high trading volume on Tuesday . 1,215,101 shares changed hands during trading, an increase of 6,654% from the previous session’s volume of 17,990 shares.The stock last traded at $9.5749 and had previously closed at $9.5450.

Analysts Set New Price Targets

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

NatWest Group Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $8.59 and a two-hundred day moving average price of $8.27. The firm has a market capitalization of $77.47 billion, a price-to-earnings ratio of 9.66 and a beta of 0.96.

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 business 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 14.09% and a net margin of 20.10%.

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.