NatWest Group (OTCMKTS:RBSPF) Shares Down 7.3% – Here’s What Happened

Shares of NatWest Group PLC (OTCMKTS:RBSPF) traded down 7.3% during trading on Thursday. The company traded as low as $8.58 and last traded at $8.58. 692 shares were traded during trading, a decline of 97% from the average session volume of 22,544 shares. The stock had previously closed at $9.26.

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

NatWest Group Stock Performance

The company has a 50-day moving average price of $9.25 and a two-hundred day moving average price of $8.47. 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 stock has a market capitalization of $73.54 billion, a P/E ratio of 9.18 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, July 31st. The company reported $0.27 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 for the quarter, compared to analyst estimates of $5.83 billion.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.