NatWest Group (OTCMKTS:RBSPF) Shares Down 5.7% – Here’s What Happened

NatWest Group PLC (OTCMKTS:RBSPF)’s share price traded down 5.7% during trading on Monday. The company traded as low as $8.3075 and last traded at $8.3075. 4,013 shares changed hands during trading, a decline of 83% from the average daily volume of 23,333 shares. The stock had previously closed at $8.8050.

Analysts Set New Price Targets

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

NatWest Group Price Performance

The business’s 50 day simple moving average is $9.13 and its two-hundred day simple moving average is $8.62. The stock has a market capitalization of $66.58 billion, a P/E ratio of 8.31 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.

NatWest Group (OTCMKTS:RBSPF) last released its 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. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.