NatWest Group (OTCMKTS:RBSPF) Sees Large Volume Increase – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shares saw an uptick in trading volume on Thursday . 27,594 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 23,258 shares.The stock last traded at $9.25 and had previously closed at $8.93.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised 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, Based on data from MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

The company has a market capitalization of $73.14 billion, a price-to-earnings ratio of 9.12 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. The firm has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $8.38.

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 the consensus estimate of $0.23 by $0.04. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.83 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

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.