NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – What’s Next?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) gapped down prior to trading on Wednesday . The stock had previously closed at $9.42, but opened at $8.93. NatWest Group shares last traded at $8.93, with a volume of 186 shares.

Wall Street Analyst Weigh In

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

NatWest Group Stock Up 0.9%

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 company has a market capitalization of $75.34 billion, a PE ratio of 9.40 and a beta of 0.96. The company’s 50 day moving average is $9.04 and its two-hundred day moving average is $8.32.

NatWest Group (OTCMKTS:RBSPF) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.83 billion.

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.