NatWest Group (OTCMKTS:RBSPF) Sees Large Volume Increase – Here’s What Happened

Shares of NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 400,000 shares traded hands during trading, an increase of 1,682% from the previous session’s volume of 22,450 shares. The stock last traded at $9.1550 and had previously closed at $8.9749.

Analyst Upgrades and Downgrades

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

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NatWest Group Price Performance

The stock has a 50 day moving average of $9.24 and a two-hundred day moving average of $8.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The stock has a market cap of $73.26 billion, a PE ratio of 9.14 and a beta of 0.95.

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

About NatWest Group

(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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