NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – What’s Next?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) gapped up prior to trading on Friday . The stock had previously closed at $9.0950, but opened at $9.73. NatWest Group shares last traded at $8.9950, with a volume of 839 shares.

Analysts Set New Price Targets

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

NatWest Group Stock Performance

The firm has a market capitalization of $72.10 billion, a PE ratio of 8.99 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $9.07 and a 200 day moving average of $8.33.

NatWest Group (OTCMKTS:RBSPF) last released its 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 company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.83 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.

NatWest Group Company Profile

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.