NatWest Group (OTCMKTS:RBSPF) Shares Up 4.9% – Time to Buy?

NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report)’s share price shot up 4.9% on Monday . The stock traded as high as $9.3950 and last traded at $9.3950. Approximately 338 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 24,584 shares. The stock had previously closed at $8.96.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised 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, NatWest Group currently has an average rating of “Buy”.

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Check Out Our Latest Stock Analysis on RBSPF

NatWest Group Stock Up 0.6%

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 firm has a market capitalization of $74.62 billion, a price-to-earnings ratio of 9.31 and a beta of 0.96. The stock has a fifty day moving average of $9.00 and a 200-day moving average of $8.33.

NatWest Group (OTCMKTS:RBSPF – Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $5.83 billion.

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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