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

NatWest Group PLC (OTCMKTS:RBSPF)’s stock 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 traded.

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 research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

NatWest Group Stock Performance

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 company has a market cap of $74.18 billion, a price-to-earnings ratio of 9.25 and a beta of 0.96. The stock has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $8.33.

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

About NatWest Group

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.