NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Time to Buy?

NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Wednesday . The stock had previously closed at $7.1250, but opened at $7.7850. NatWest Group shares last traded at $7.73, with a volume of 10,491 shares changing hands.

NatWest Group Stock Up 8.7%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $62.56 billion, a P/E ratio of 8.87 and a beta of 0.94. The stock has a 50 day moving average price of $8.21 and a 200 day moving average price of $8.00.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, February 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.72 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.