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

Shares of NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Thursday . The stock had previously closed at $9.0399, but opened at $9.70. NatWest Group shares last traded at $9.70, with a volume of 219 shares changing hands.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Performance

The company has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $8.35. 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 $75.46 billion, a P/E ratio of 9.41 and a beta of 0.95.

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

About NatWest Group

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.