NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Time to Buy?

NatWest Group PLC (OTCMKTS:RBSPFGet Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $8.76, but opened at $9.35. NatWest Group shares last traded at $9.25, with a volume of 4,151 shares.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. One research 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 stock’s 50 day simple moving average is $8.98 and its two-hundred day simple moving average is $8.33. The company has a market capitalization of $74.18 billion, a P/E ratio of 9.25 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04.

NatWest Group (OTCMKTS:RBSPFGet Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations 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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