NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – What’s Next?

NatWest Group PLC (OTCMKTS:RBSPF) gapped up prior to trading on Wednesday . The stock had previously closed at $8.93, but opened at $9.33. NatWest Group shares last traded at $9.35, with a volume of 931 shares changing hands.

Wall Street Analysts Forecast Growth

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

NatWest Group Stock Performance

The company has a market cap of $73.74 billion, a price-to-earnings ratio of 9.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The stock has a 50-day moving average price of $9.17 and a 200 day moving average price of $8.38.

NatWest Group (OTCMKTS:RBSPF) last issued its quarterly earnings data 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. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.