NatWest Group (OTCMKTS:RBSPF) Shares Up 1.7% – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price traded up 1.7% during trading on Wednesday . The company traded as high as $9.0350 and last traded at $8.83. 14,651 shares traded hands during mid-day trading, an increase of 70% from the average session volume of 8,616 shares. The stock had previously closed at $8.6850.

NatWest Group Price Performance

The firm has a market capitalization of $70.77 billion, a price-to-earnings ratio of 9.49 and a beta of 0.98. The stock’s fifty day moving average price is $8.27 and its two-hundred day moving average price is $8.24. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

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.