NatWest Group (OTCMKTS:RBSPF) Sees Large Volume Increase – Time to Buy?

NatWest Group PLC (OTCMKTS:RBSPFGet Free Report) shares saw unusually-strong trading volume on Tuesday . 1,215,101 shares changed hands during mid-day trading, an increase of 6,654% from the previous session’s volume of 17,990 shares.The stock last traded at $9.5749 and had previously closed at $9.5450.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Check Out Our Latest Stock Report on RBSPF

NatWest Group Stock Performance

The company has a market capitalization of $74.72 billion, a price-to-earnings ratio of 9.32 and a beta of 0.96. 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 50-day simple moving average of $8.65 and a 200-day simple moving average of $8.29.

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

About NatWest Group

(Get Free Report)

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.

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