NatWest Group (OTCMKTS:RBSPF) Trading Down 7.3% – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report) was down 7.3% during mid-day trading on Thursday . The stock traded as low as $8.58 and last traded at $8.58. Approximately 692 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 22,544 shares. The stock had previously closed at $9.26.

Analysts Set New Price Targets

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

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NatWest Group Price Performance

The company has a market cap of $74.36 billion, a price-to-earnings ratio of 9.28 and a beta of 0.95. 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 company has a fifty day moving average price of $9.24 and a two-hundred day moving average price of $8.45.

NatWest Group (OTCMKTS:RBSPF – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion.

NatWest Group Company Profile

(Get Free Report)

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.

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