NatWest Group (OTCMKTS:RBSPF – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%.
NatWest Group Stock Performance
Shares of RBSPF stock traded up $0.20 during midday trading on Friday, hitting $9.49. The company had a trading volume of 4,624 shares, compared to its average volume of 18,112. The stock has a market cap of $76.06 billion, a price-to-earnings ratio of 10.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $8.26. NatWest Group has a 52-week low of $6.70 and a 52-week high of $9.71.
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, According to MarketBeat, the company presently has a consensus rating of “Buy”.
NatWest Group Company Profile
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.
See Also
- Five stocks we like better than NatWest Group
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.
