NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $8.76, but opened at $9.35. NatWest Group shares last traded at $9.25, with a volume of 4,151 shares changing hands.

Wall Street Analysts Forecast Growth

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

NatWest Group Stock Up 3.3%

The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $74.18 billion, a PE ratio of 9.25 and a beta of 0.96. The stock has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $8.33.

NatWest Group (OTCMKTS:RBSPF) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.27 earnings per share 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 firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.83 billion.

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.