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

NatWest Group PLC (OTCMKTS:RBSPF) gapped up prior to trading on Thursday . The stock had previously closed at $9.0399, but opened at $9.70. NatWest Group shares last traded at $9.70, with a volume of 219 shares trading hands.

Wall Street Analyst Weigh In

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

NatWest Group Trading Up 1.8%

The firm has a market cap of $75.46 billion, a price-to-earnings ratio of 9.41 and a beta of 0.95. The firm’s 50-day moving average is $9.12 and its 200-day moving average is $8.35. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (OTCMKTS:RBSPF) last announced its 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 company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations 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.