NatWest Group (OTCMKTS:RBSPF) Hits New 52-Week High – Time to Buy?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) hit a new 52-week high on Thursday . The company traded as high as $9.72 and last traded at $9.72, with a volume of 173 shares trading hands. The stock had previously closed at $9.6650.

Analyst Ratings Changes

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

NatWest Group Stock Up 0.4%

The stock has a market cap of $77.26 billion, a P/E ratio of 9.64 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $8.65 and its 200 day moving average is $8.29.

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

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.