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

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.42, but opened at $8.93. NatWest Group shares last traded at $8.93, with a volume of 186 shares changing hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

NatWest Group Stock Down 2.5%

The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $72.90 billion, a PE ratio of 9.10 and a beta of 0.96. The company’s fifty day moving average is $9.07 and its 200-day moving average is $8.33.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates 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.