NatWest Group (OTCMKTS:RBSPF) Sees Unusually-High Trading Volume – What’s Next?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) saw unusually-high trading volume on Thursday . 27,594 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 23,258 shares.The stock last traded at $9.25 and had previously closed at $8.93.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business has a 50-day moving average of $9.18 and a 200-day moving average of $8.39. The company has a market capitalization of $73.98 billion, a P/E ratio of 9.23 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating 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 business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.83 billion.

About NatWest Group

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.