NatWest Group (OTCMKTS:RBSPF) Stock Price Down 5.3% – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shares traded down 5.3% on Monday . The stock traded as low as $8.70 and last traded at $8.70. 370 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 23,902 shares. The stock had previously closed at $9.1850.

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NatWest Group Trading Down 0.7%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The company’s 50 day moving average is $9.11 and its two-hundred day moving average is $8.34. The firm has a market cap of $72.45 billion, a P/E ratio of 9.04 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 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.