NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Should You Sell?

NatWest Group PLC (OTCMKTS:RBSPF) gapped down before the market opened on Wednesday . The stock had previously closed at $9.3449, but opened at $8.8625. NatWest Group shares last traded at $8.8625, with a volume of 475 shares.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Stock Down 3.1%

The company has a market cap of $71.89 billion, a P/E ratio of 8.97 and a beta of 0.95. 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 firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $8.45.

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, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate 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 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.