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

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped up before the market opened on Monday. The stock had previously closed at $8.8250, but opened at $9.3050. NatWest Group shares last traded at $9.3050, with a volume of 105 shares trading hands.

Analyst Ratings Changes

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

NatWest Group Stock Performance

The company has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $8.47. 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 market cap of $73.82 billion, a P/E ratio of 9.21 and a beta of 0.95.

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

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.