NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Still a Buy?

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price gapped up before the market opened 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 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, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Price Performance

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 business has a 50 day moving average price of $9.18 and a 200-day moving average price of $8.39. The company has a market capitalization of $73.14 billion, a price-to-earnings ratio of 9.12 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 earnings per share (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%.

About NatWest Group

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.