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

Shares of NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Wednesday. The stock had previously closed at $8.5150, but opened at $9.21. NatWest Group shares last traded at $8.6550, with a volume of 1,952 shares changing hands.

Wall Street Analysts Forecast Growth

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

NatWest Group Stock Up 1.6%

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 stock has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.52. The firm has a market capitalization of $69.37 billion, a PE ratio of 8.65 and a beta of 0.95.

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

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.